June jobs report showed only 57,000 payrolls added as 720,000 people left the workforce, pushing participation to its lowest since March 2021.

Nonfarm payrolls were expected to rise by 115,000 in June while the unemployment rate held steady at 4.3%, according to the Dow Jones consensus.

The economy fell short of expectations in June, adding 57,000 jobs, fewer than most economists had expected.