FX.co ★ US Private Hiring Slows Sharply in June as Payroll Growth Falls to 49K

Private sector job creation in the United States weakened significantly in June 2026, as private nonfarm payrolls grew by just 49,000, down sharply from 120,000 in May. The latest figures, updated on 2 July 2026, underscore a notable cooling in hiring momentum across the US private sector.

The June reading marks a substantial deceleration from the previous month and may signal growing caution among employers amid an uncertain economic backdrop. While payrolls are still expanding rather than contracting, the scale of the slowdown suggests businesses are pulling back on new hiring compared with the more robust pace seen in May.

Investors and policymakers are likely to scrutinize the June data for clues on the health of the labor market and potential implications for consumer spending and broader economic growth in the second half of 2026.