June 2026 Jobs Report
In this month's update, Labor Finders CEO Jeffrey Burnett, discusses June's slower-than-expected job growth, revisions to previous employment reports, changes in the unemployment and inflation rates, and what these trends could mean for businesses.
Whether you're managing seasonal demand, planning future hiring, or simply staying informed, Labor Market in a Minute gives you the quick insights you need.
Watch the full video here.
🎥 Labor Market in a Minute - July 2026 Jobs Report
Video Transcript
Hi, I'm Jeff Burnett, CEO of Labor Finders and welcome to this month's Labor Market in a Minute.
How many jobs were added to the economy?
What is this month's unemployment rate?
The unemployment rate dropped from 4.3% to 4.2% for the month of June.
What is the inflation rate?
The Fed target rate for inflation is 2% and the inflation rate for the last 12 months is 4.2% for all goods and services, and this is up from the prior month.
What is the status of job openings?
Job openings were above expectations while layoffs rose and hiring remain stable, signaling a resilient but cautious labor market.
What is happening with interest rates?
The Fed has four meetings remaining for this year and no interest rate adjustments we're made so far this year. The Fed continues to balance inflation interest rates in the labor market and given the rise in the inflation rate, this will be a primary importance for the Fed to monitor and contain.
How are tariffs and other administration policies affecting the job market?
The effects of the Middle East conflict continue to keep the energy prices high.
What is the status of the GDP?
What industries are adding jobs this month?
Professional and business services increased by 36,000 jobs. Social assistance increased by 25,000 jobs. Healthcare added 22,000 jobs. Leisure and hospitality declined by 61,000 jobs after adding 70,000 jobs in the prior month. Other industries have little of no change.
So that's it for this month's Labor Market in a Minute. Thank you.
