US job growth plummets to 57,000 in June, missing forecasts
Summary
The U.S. economy added only 57,000 jobs in June, significantly below the 100,000 to 115,000 expected by economists, leading to a fall in Treasury yields and the dollar as rate-hike expectations dim.
How coverage differs
- Left: June's anemic job gains underscore persistent economic challenges Left-leaning outlets emphasize the significant shortfall in job creation, highlighting how the U.S. economy added only 57,000 jobs in June, which was far below economists' forecasts. They focus on the disappointing performance compared to expectations, suggesting a weakening labor market.
- Center: Unexpectedly slow job growth impacts markets, lowers rate hike expectations Center outlets report factually on the U.S. economy adding 57,000 jobs in June, which fell short of expectations, with the unemployment rate at 4.2%. They also note the subsequent fall in Treasury yields and the dollar due to dimmed Federal Reserve rate-hike expectations.