US job growth slows sharply in June with 57,000 new jobs
The US economy added only 57,000 jobs in June, the weakest monthly gain this year, indicating a slowdown in the labor market.
The Full Story
A plain summary built from the channels that reported this story.
The US economy added only 57,000 jobs in June, the weakest monthly gain this year and well below expectations. The unemployment rate edged down to 4.2%, but investors have pushed back expectations for a near-term Federal Reserve interest rate hike. The figures come from the latest US jobs report, which also showed that the leisure and hospitality sector shed 61,000 jobs. William Lee, chief economist and managing director at Global Economic Advisors, said the numbers 'definitely put to rest the notion that the US has a strong job market.' He noted that recent strong hiring had been concentrated in low-wage sectors like hospitality and healthcare, and that the household survey showed a decline of about 117,000 jobs per month over the last 12 months. Lee argued that the Federal Reserve should consider easing interest rates toward the end of the year rather than raising them, as inflation expectations have come down. The report adds to concerns that the consumer is struggling under high interest rates and lingering inflation.
On screen
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Key Claims
Claims reported during this story's coverage, mapped by channel. Ordered by how many channels carried each claim.
| Claim | BBC One |
|---|---|
| Leisure and hospitality sector lost 61,000 jobs in June. | |
| The household survey shows a decline of about 117,000 jobs per month over the last 12 months. | |
| The US added 57,000 jobs in June, the weakest monthly gain this year. |
Channel Perspectives
What each channel focused on, with key quotes.
The BBC ONE West segment focused on the disappointing jobs numbers and the implications for Federal Reserve policy. It featured an interview with economist William Lee, who argued the labor market is weaker than headline figures suggest, with growth concentrated in low-wage sectors and a declining household survey. The tone was cautious, highlighting downside risks and the case for rate cuts rather than hikes.
- “These numbers, I think, definitely put to rest the notion that the US has a strong job market.”
- “The Federal Reserve really has to put to rest any notion that the US economy is doing well in terms of creating jobs.”
- “The Fed really should be looking toward easing interest rates toward the end of the year rather than raising them.”
Broadcast Timeline
News broadcasts tracked for this story, in time order.