57K Jobs Added, Unemployment Falls to 4.2%, Workforce Shifts Toward More U.S.-Born Workers
July 2, 2026
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4:27Now Playing57K Jobs Added, Unemployment Falls to 4.2%, Workforce Shifts Toward More U.S.-Born Workers
YouTube Description
as posted by the channelThe June jobs report showed the U.S. added just 57,000 jobs, well below the 115,000 economists had expected and down from 172,000 in May. Even so, the unemployment rate edged down to 4.2%, though that was partly driven by more people leaving the labor force. Markets responded positively despite the weak headline number, and one notable trend was a decline in the foreign-born labor force. To help break down what these numbers mean for the economy, the markets, and the Federal Reserve, Alicia Summers is joined by Dale Smothers, President and CEO of RDS Wealth Management.
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