Job Growth Slows as Labor Market Shifts | Jersey News
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Job Growth Slows as Labor Market Shifts | Jersey News
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Job growth slowed in June with only 57,000 new jobs, a sharp drop from the over 100,000 seen in prior months. May and April’s numbers were also revised downward, erasing gains. While unemployment dipped to 4.2%—its lowest since June 2025—some experts warn the drop is misleading, as 720,000 people exited the labor force. Business services, social assistance, and healthcare saw modest gains, while leisure and hospitality lost 61,000 jobs amid weaker summer hiring. The picture remains mixed, with overall momentum fading.
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