Yesterday’s News 2026 07 03

curated news excerpts & citations
… trying to ‘unbury the lede’

Monthly job creation in the U.S.

Jeff Cox @ CNBC:
U.S. job creation cools in June with payrolls growth of just 57,000; unemployment rate at 4.2%

  • Nonfarm payrolls for June increased by 57,000 in June, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.
  • The unemployment rate, however, dropped to 4.2%, largely due to a slump in the labor force participation rate, which fell 0.3 percentage point to 61.5%, the lowest since March 2021.
  • Household employment plummeted during the month, with 507,000 fewer people reported at work.
  • Professional and business services contributed the most, with a gain of 36,000. Social assistance added 25,000 and healthcare employment rose by 22,000.

Robert Reich: Today’s report from the BLS

Harriet Torry @ WSJ: U.S. Snaps Hiring Hot Streak With Only 57,000 Jobs Added in June

Adam Grant, Marissa Shandell, Courtney Elliott @ NY Times: The Secret Reason Bosses Want Everyone Back in the Office, Every Day of the Week


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