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.

US nonfarm payrolls added just 57,000 jobs in June 2026, missing forecasts by nearly half. Here's what the weak jobs report means for Fed rate cuts and