{"id":7627,"date":"2026-07-02T16:35:29","date_gmt":"2026-07-02T16:35:29","guid":{"rendered":"https:\/\/pronews.in\/index.php\/2026\/07\/02\/us-job-growth-slows-in-june-hospitality-sheds-roles-despite-world-cup\/"},"modified":"2026-07-02T16:35:29","modified_gmt":"2026-07-02T16:35:29","slug":"us-job-growth-slows-in-june-hospitality-sheds-roles-despite-world-cup","status":"publish","type":"post","link":"https:\/\/pronews.in\/index.php\/2026\/07\/02\/us-job-growth-slows-in-june-hospitality-sheds-roles-despite-world-cup\/","title":{"rendered":"US job growth slows in June; hospitality sheds roles despite World Cup"},"content":{"rendered":"<div>\n<p><em>Labour force participation dropped to its lowest level since March 2021, reaching 61.5 percent in June.<\/em><\/p>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>The United States economy added 57,000 jobs in June, marking a slowdown in economic growth following several months of steady gains.<\/p>\n<p>The weaker-than-expected hiring figures were released on Thursday in the US Labor Department\u2019s Bureau of Labor Statistics (BLS) monthly employment report.<\/p>\n<section>\n<h2>Recommended Stories <\/h2>\n<p><span>list of 4 items<\/span><\/p>\n<ul>\n<li><span>list 1 of 4<\/span><a href=\"http:\/\/www.aljazeera.com\/news\/2026\/7\/2\/alibaba-to-pay-600mn-to-settle-illegal-drug-sales-allegations-in-us-probe\">Alibaba to pay $600m to settle illegal drug sales allegations in US probe<\/a><\/li>\n<li><span>list 2 of 4<\/span><a href=\"http:\/\/www.aljazeera.com\/news\/2026\/7\/2\/an-extra-229000-deaths-is-that-the-cost-of-us-uk-drugs-deal\">An extra 229,000 deaths: Is that the cost of US-UK drugs deal?<\/a><\/li>\n<li><span>list 3 of 4<\/span><a href=\"http:\/\/www.aljazeera.com\/news\/2026\/7\/2\/german-coalition-agrees-on-sweeping-reform-package-in-key-breakthrough\">German coalition agrees on sweeping reform package in key breakthrough<\/a><\/li>\n<li><span>list 4 of 4<\/span><a href=\"http:\/\/www.aljazeera.com\/news\/2026\/7\/2\/with-hormuz-reopened-has-the-oil-shortage-turned-into-a-glut\">With Hormuz reopened, has the oil shortage turned into a glut?<\/a><\/li>\n<\/ul>\n<p><span>end of list<\/span><\/section>\n<p>The report also revised down numbers for the previous two months. May jobs report: 129,000, down from the previously reported 172,000, and April was lowered by 31,000 jobs to 148,000 jobs.<\/p>\n<p>The June job gains were focused in a handful of sectors. Professional and business services added 36,000 jobs; healthcare added 22,000, and social assistance added 25,000 jobs.<\/p>\n<p>Other sectors, including mining, oil and gas extraction; construction; manufacturing; wholesale trade; retail trade; transportation and warehousing; and financial activities, remained stagnant.<\/p>\n<p>Leisure and hospitality employment lost 61,000 jobs before the normally busy summer season in the US, which was otherwise expected to be bolstered by an influx of <a href=\"http:\/\/www.aljazeera.com\/economy\/2026\/6\/8\/will-the-fifa-world-cup-be-the-economic-bonanza-us-cities-were-promised\" target=\"_blank\" rel=\"noopener\">World Cup-driven tourism<\/a>. Goldman Sachs had forecast that the tournament would have added 40,000 jobs in June.<\/p>\n<p>The unemployment rate fell by 0.1 percent, from 4.3 percent to 4.2 percent. The broader U-6 unemployment rate, which includes discouraged workers, people marginally attached to the labour force, and those working part-time because they cannot find full-time work, fell from 8.1 percent to 7.9 percent.<\/p>\n<p><strong>Slow growth<\/strong><\/p>\n<p>However, labour force participation dropped by 0.3 percent to 61.5 percent, reaching its lowest level since March 2021.<\/p>\n<p>The latest figures follow other economic reports out this week showing the stability of the US labour market. The ADP private payroll report showed 98,000 jobs added for the month, as did the US Labor Department\u2019s jobs and labour turnover report, which tracks the number of people leaving jobs and taking ones, was unchanged, suggesting that people who have jobs are not leaving for new ones.<\/p>\n<p>\u201cThe pace of hiring is telling a story of both supply and demand. We know it\u2019s taking people longer to find work, but there also are signs of labour supply constraints in certain industries,\u201d said Nela Richardson, chief economist at ADP, in a release.<\/p>\n<p>\u201cFor now, the overall effect is a slowdown in job creation.\u201d<\/p>\n<p>Americans are discouraged from job searching. On Tuesday, the Conference Board survey on consumer confidence showed that the share of people saying that a job is \u201chard to get\u201d jumped by 22.5 percent.<\/p>\n<p>US markets are trending upwards despite the weaker-than-expected jobs report. Both the Nasdaq and S&#038;P 500 jumped 0.6 percent since the market opened, and the Dow is up by 0.8 percent.<\/p>\n<p>Gold, which is generally considered a safe investment in times of economic uncertainty, jumped 2 percent on the heels of the report as the data indicated the US Federal Reserve may not hike interest rates in the near future.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Labour force participation dropped to its lowest level since March 2021, reaching 61.5 percent in June. The United States economy added 57,000 jobs in June, marking a slowdown in economic growth following several months of steady gains. The weaker-than-expected hiring figures were released on Thursday in the US Labor Department\u2019s Bureau of Labor Statistics (BLS) &#8230; <a title=\"US job growth slows in June; hospitality sheds roles despite World Cup\" class=\"read-more\" href=\"https:\/\/pronews.in\/index.php\/2026\/07\/02\/us-job-growth-slows-in-june-hospitality-sheds-roles-despite-world-cup\/\" aria-label=\"Read more about US job growth slows in June; hospitality sheds roles despite World Cup\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-7627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel"],"_links":{"self":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts\/7627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/comments?post=7627"}],"version-history":[{"count":0,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts\/7627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/media\/7628"}],"wp:attachment":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/media?parent=7627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/categories?post=7627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/tags?post=7627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}