{"id":2023123,"date":"2026-07-02T13:06:05","date_gmt":"2026-07-02T10:06:05","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2023123"},"modified":"2026-07-02T13:06:05","modified_gmt":"2026-07-02T10:06:05","slug":"us-job-growth-plummets-as-eurozone-unemployment-holds-at-record-low","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2023123","title":{"rendered":"US job growth plummets as eurozone unemployment holds at record low"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/82\/27\/49\/1200x675_cmsv2_b5483316-350d-5c08-b972-7f33196e03ac-9822749.jpg&#8221;]<\/p>\n<article id=\"abe-2906747-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2906747\" data-cid=\"9822697\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906747-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/26\/97\/189x106_cmsv2_2f053cbc-7a45-5d1f-bcb4-f887f33d1479-9822697.jpg\" loading=\"lazy\" alt=\"Air conditioning external units are seen on the wall of a building in Rome, Tuesday, July 25, 2023.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Brussels supports air conditioning\u2014but not as the main answer\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2906775-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2906775\" data-cid=\"9822834\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906775-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/28\/34\/189x106_cmsv2_fb112389-2c57-53ac-9d33-1086f4fd970b-9822834.jpg\" loading=\"lazy\" alt=\"Workers complete an electric car on an assembly line during a press tour at a Volkswagen AG plant in Germany.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU car industry clashes over strategy to fight Chinese competitors\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2906740-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2906740\" data-cid=\"9822666\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906740-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/26\/66\/189x106_cmsv2_8d4331a8-2b10-52dc-a0da-378fd68225f6-9822666.jpg\" loading=\"lazy\" alt=\"Britain&apos;s Prime Minister Keir Starmer, center, attends a meeting with campaigners to discuss historical forced adoption, at Downing Street, in London, Thursday July 2, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Starmer issues state apology for decades of forced adoptions in UK\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2906619-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2906619\" data-cid=\"9822187\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906619-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/21\/87\/189x106_cmsv2_d3029938-f205-5cf7-a80e-ce602bdb5970-9822187.jpg\" loading=\"lazy\" alt=\"German Chancellor Friedrich Merz speaks during the question-and-answer session with the government in the Bundestag in Berlin, 24 June, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Germany&#8217;s Merz announces sweeping reforms in key breakthrough\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2906747-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2906747\" data-cid=\"9822697\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906747-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/26\/97\/189x106_cmsv2_2f053cbc-7a45-5d1f-bcb4-f887f33d1479-9822697.jpg\" loading=\"lazy\" alt=\"Air conditioning external units are seen on the wall of a building in Rome, Tuesday, July 25, 2023.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Brussels supports air conditioning\u2014but not as the main answer\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2906775-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2906775\" data-cid=\"9822834\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906775-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/28\/34\/189x106_cmsv2_fb112389-2c57-53ac-9d33-1086f4fd970b-9822834.jpg\" loading=\"lazy\" alt=\"Workers complete an electric car on an assembly line during a press tour at a Volkswagen AG plant in Germany.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU car industry clashes over strategy to fight Chinese competitors\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2906740-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2906740\" data-cid=\"9822666\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906740-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/26\/66\/189x106_cmsv2_8d4331a8-2b10-52dc-a0da-378fd68225f6-9822666.jpg\" loading=\"lazy\" alt=\"Britain&apos;s Prime Minister Keir Starmer, center, attends a meeting with campaigners to discuss historical forced adoption, at Downing Street, in London, Thursday July 2, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Starmer issues state apology for decades of forced adoptions in UK\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2906619-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2906619\" data-cid=\"9822187\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906619-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/21\/87\/189x106_cmsv2_d3029938-f205-5cf7-a80e-ce602bdb5970-9822187.jpg\" loading=\"lazy\" alt=\"German Chancellor Friedrich Merz speaks during the question-and-answer session with the government in the Bundestag in Berlin, 24 June, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Germany&#8217;s Merz announces sweeping reforms in key breakthrough\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Economy<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            US job growth plummets as eurozone unemployment holds at record low<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/27\/49\/1536x864_cmsv2_b5483316-350d-5c08-b972-7f33196e03ac-9822749.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE. A job seeker waits to talk to a recruiter at a job fair in Sunrise, Florida, Aug. 2025\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE. A job seeker waits to talk to a recruiter at a job fair in Sunrise, Florida, Aug. 2025<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Marta Lavandier<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Marta Lavandier\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1782997565\">\n                    Published on                 <time datetime=\"2026-07-02 15:06:05 +02:00\">02\/07\/2026 &#8211; 15:06 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"15:19\">15:19<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-close.svg\" width=\"24\" 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u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        New labour market data highlights a growing transatlantic divide, with US payroll additions slowing drastically, while the Eurozone unemployment rate remains anchored at an all-time low.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>Fresh employment figures released on Thursday expose a diverging trajectory for the world&#8217;s most prominent advanced economies, as severe hiring slowdowns in the US contrast with historic resilience in European labour markets.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>According to the US Bureau of Labor Statistics, nonfarm payrolls increased by a mere 57,000 in June. This figure drastically missed market expectations, which had anticipated an addition of 113,000 jobs, and it marks a steep decline from the 172,000 positions created in the previous month. <\/p>\n<p>Despite the sharp cooling in overall job creation, the US unemployment rate unexpectedly ticked down to 4.2%, representing a slight improvement from the 4.3% recorded in May.<\/p>\n<p>Other metrics present a nuanced picture of the American economy. <\/p>\n<p>Initial jobless claims remained perfectly steady at 215,000 for the week, defying analyst estimates that predicted a slight increase of around 218,000. Meanwhile, continuing claims fell slightly to 1.814 million, dipping below the projected 1.820 million.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6665\">\n<div class=\"widget__wrapper\">\n<div class=\"widget__ratio widget__ratio--auto\">\n<div class=\"widget__contents\">\n<figure class=\"widget__figure\"><img decoding=\"async\" class=\"widgetImage__image\" loading=\"lazy\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/27\/49\/808x539_cmsv2_d04cb139-3b49-56fc-b7e4-7cdc813d807c-9822749.jpg\" alt=\"Hiring sign for sales professionals is displayed at a store in Vernon Hills, Illinois, Apr. 2026\"><figcaption class=\"widget__caption\"><span class=\"widget__captionWrap\"><span class=\"widget__captionText\">Hiring sign for sales professionals is displayed at a store in Vernon Hills, Illinois, Apr. 2026<\/span><span class=\"widget__captionCredit\">AP Photo\/Nam Y. Huh<\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Across the Atlantic, the European employment landscape continues to demonstrate remarkable steadfastness. <\/p>\n<p>According to data published by Eurostat, the Eurozone unemployment rate remained stable at 6.2% in May, holding firm at a record low for the currency bloc. <\/p>\n<p>This figure perfectly aligns with market projections and underscores the enduring tightness of the European job market, even as broader economic uncertainties linger across the continent. <\/p>\n<h2>Central bank implications<\/h2>\n<p>The latest employment reports arrive at a critical juncture for both the US Federal Reserve and the European Central Bank and their respective monetary policy outlooks.<\/p>\n<p>In the US, the severe drop in nonfarm payroll growth provides compelling evidence that the labour market is finally softening under the weight of restrictive financial conditions. <\/p>\n<p>The Federal Reserve opted to halt its interest rate hikes in June, keeping borrowing costs steady as policymakers evaluate the delayed impact of their previous tightening cycle. <\/p>\n<p>While the drop in the headline unemployment rate to 4.2% paints a slightly mixed picture, the dismal 57,000 payroll figure is likely to reinforce the cautious stance. <\/p>\n<p>Analysts suggest that if payroll numbers continue to print this low, the Federal Reserve might face pressure to discuss rate cuts later in the year to prevent a broader economic contraction in 2026, but for now a single soft print is likely not enough.<\/p>\n<p>&#8220;The payrolls miss reads as a growth wobble, and the knee-jerk is to price cuts back in. That&#8217;s the trap. Unemployment just fell to 4.2%, so a hawkish Fed has all the cover it needs to look through one soft payroll print, and relief may not come,&#8221; said Iggy Ioppe, CIO at Theo.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Christine Lagarde&#8217;s Sintra speech signals a new ECB playbook<\/li>\n<li class=\"c-widget-related__item\">US Federal Reserve expected to decide on rate hike in four weeks, Warsh says<\/li>\n<\/ul>\n<\/div>\n<p>&#8220;A soft print will immediately soften hike pressure, and you&#8217;ll see it in the repricing before the headline settles, but weaker data is not automatically bullish. The Warsh Fed has put more weight on inflation credibility and less on forward guidance, so one soft report may not be enough to move a Fed still focused on inflation,&#8221; concluded Fabian Dori, CIO at Sygnum Bank.<\/p>\n<p>Conversely, for the European Central Bank there is no substantial doubt about whether there will be a change of course toward favouring rate cuts.<\/p>\n<p>The unwavering 6.2% unemployment rate in the Eurozone highlights persistent domestic demand for workers and maintains inflation as a priority issue.<\/p>\n<p>The ECB proceeded with another interest rate hike in June, citing stubborn price pressures. With employment hovering at historic highs, European policymakers may feel fully justified in maintaining a strict, hawkish posture. <\/p>\n<p>The steadfastness of the European labour force gives the central bank a sturdy economic foundation to absorb tighter financial conditions without triggering an immediate recession.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 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id=\"abe-2906405-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2906405\" data-cid=\"9820727\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906405-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/07\/27\/480x270_cmsv2_4e49091b-49c2-5ea0-bf77-e6ecdd686496-9820727.jpg\" loading=\"lazy\" alt=\"European Commissioner for EU Budget Piotr Serafin in 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EU budget chief Serafin criticises \u2018frugals\u2019 over proposed budget cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906343-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2906343\" data-cid=\"9820448\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906343-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/04\/48\/480x270_cmsv2_dfe9863b-cd0b-5e42-801f-3ab81b00c096-9820448.jpg\" loading=\"lazy\" alt=\"A shopper shops at a grocery store in Schaumburg, Ill., Thursday, May 14, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Inflation tumbled in June: where did prices cool the most in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Jobs<br 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src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2906567-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2906567\" data-cid=\"9821639\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906567-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/58\/52\/17\/320x180_cmsv2_cadfa3d9-7c6a-5858-982b-557bf83354b2-9585217.jpg\" loading=\"lazy\" alt=\"Euro banknote\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where are the wealthiest young people in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2906405-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2906405\" data-cid=\"9820727\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906405-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" 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src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2904094-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2904094\" data-cid=\"9809129\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which European countries are the cheapest and most expensive?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span 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alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2906567-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2906567\" data-cid=\"9821639\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906567-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/58\/52\/17\/480x270_cmsv2_cadfa3d9-7c6a-5858-982b-557bf83354b2-9585217.jpg\" loading=\"lazy\" alt=\"Euro banknote\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Where are the wealthiest young people in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906405-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2906405\" data-cid=\"9820727\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906405-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/07\/27\/480x270_cmsv2_4e49091b-49c2-5ea0-bf77-e6ecdd686496-9820727.jpg\" loading=\"lazy\" alt=\"European Commissioner for EU Budget Piotr Serafin in 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EU budget chief Serafin criticises \u2018frugals\u2019 over proposed budget cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906343-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2906343\" data-cid=\"9820448\" 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class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/58\/52\/17\/320x180_cmsv2_cadfa3d9-7c6a-5858-982b-557bf83354b2-9585217.jpg\" loading=\"lazy\" alt=\"Euro banknote\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where are the wealthiest young people in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906405-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2906405\" data-cid=\"9820727\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906405-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/07\/27\/320x180_cmsv2_4e49091b-49c2-5ea0-bf77-e6ecdd686496-9820727.jpg\" loading=\"lazy\" alt=\"European Commissioner for EU Budget Piotr Serafin in 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU budget chief Serafin criticises \u2018frugals\u2019 over proposed budget cuts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906562-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2906562\" data-cid=\"9821586\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906562-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/15\/86\/320x180_cmsv2_426e0fec-2923-58fe-9a5f-08942e0ea4bd-9821586.jpg\" loading=\"lazy\" alt=\"In this Nov. 7, 2017, file photo, an unidentified man is silhouetted as he walks in front of Microsoft logo at an event in New Delhi, India\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why has Wall Street fallen out of love with the &#8216;Magnificent Seven&#8217;?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906443-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2906443\" data-cid=\"9820920\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906443-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/09\/20\/320x180_cmsv2_969e754f-3b1d-51ac-a094-a285674b5dd5-9820920.jpg\" loading=\"lazy\" alt=\"FILE. Klarna CEO Sebastian Siemiatkowski and company Chairman Michael Moritz shake hands as they ring the New York Stock Exchange opening bell, Sept. 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Google ordered to pay Klarna \u20ac1.7 billion over search abuse<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906343-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2906343\" data-cid=\"9820448\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906343-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/04\/48\/320x180_cmsv2_dfe9863b-cd0b-5e42-801f-3ab81b00c096-9820448.jpg\" loading=\"lazy\" alt=\"A shopper shops at a grocery store in Schaumburg, Ill., Thursday, May 14, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Inflation tumbled in June: where did prices cool the most in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904094-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2904094\" data-cid=\"9809129\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which European countries are the cheapest and most expensive?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904805-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2904805\" data-cid=\"9812928\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where do workers lose the biggest share of their salaries in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906443-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2906443\" data-cid=\"9820920\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Google ordered to pay Klarna \u20ac1.7 billion over search abuse<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2905995-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2905995\" data-cid=\"9818533\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Air tourism pushes average rent in Spain up by \u20ac236<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2498024-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2498024\" data-cid=\"8301164\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    UK unemployment rises and wage growth cools<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">Fresh employment figures released on Thursday expose a diverging trajectory for the world&#8217;s most prominent advanced economies, as severe hiring slowdowns in the US contrast with historic resilience in European labour markets.According to the US Bureau of Labor Statistics, nonfarm payrolls increased by a mere 57,000 in June. This figure drastically missed market expectations, which had anticipated an addition of 113,000 jobs, and it marks a steep decline from the 172,000 positions created in the previous month.Despite the sharp cooling in overall job creation, the US unemployment rate unexpectedly ticked down to 4.2%, representing a slight improvement from the 4.3% recorded in May.Other metrics present a nuanced picture of the American economy.Initial jobless claims remained perfectly steady at 215,000 for the week, defying analyst estimates that predicted a slight increase of around 218,000. Meanwhile, continuing claims fell slightly to 1.814 million, dipping below the projected 1.820 million.Across the Atlantic, the European employment landscape continues to demonstrate remarkable steadfastness.According to data published by Eurostat, the Eurozone unemployment rate remained stable at 6.2% in May, holding firm at a record low for the currency bloc.This figure perfectly aligns with market projections and underscores the enduring tightness of the European job market, even as broader economic uncertainties linger across the continent.Central bank implicationsThe latest employment reports arrive at a critical juncture for both the US Federal Reserve and the European Central Bank and their respective monetary policy outlooks.In the US, the severe drop in nonfarm payroll growth provides compelling evidence that the labour market is finally softening under the weight of restrictive financial conditions.The Federal Reserve opted to halt its interest rate hikes in June, keeping borrowing costs steady as policymakers evaluate the delayed impact of their previous tightening cycle.While the drop in the headline unemployment rate to 4.2% paints a slightly mixed picture, the dismal 57,000 payroll figure is likely to reinforce the cautious stance.Analysts suggest that if payroll numbers continue to print this low, the Federal Reserve might face pressure to discuss rate cuts later in the year to prevent a broader economic contraction in 2026, but for now a single soft print is likely not enough.&#8221;The payrolls miss reads as a growth wobble, and the knee-jerk is to price cuts back in. That&#8217;s the trap. Unemployment just fell to 4.2%, so a hawkish Fed has all the cover it needs to look through one soft payroll print, and relief may not come,&#8221; said Iggy Ioppe, CIO at Theo.&#8221;A soft print will immediately soften hike pressure, and you&#8217;ll see it in the repricing before the headline settles, but weaker data is not automatically bullish. The Warsh Fed has put more weight on inflation credibility and less on forward guidance, so one soft report may not be enough to move a Fed still focused on inflation,&#8221; concluded Fabian Dori, CIO at Sygnum Bank.Conversely, for the European Central Bank there is no substantial doubt about whether there will be a change of course toward favouring rate cuts.The unwavering 6.2% unemployment rate in the Eurozone highlights persistent domestic demand for workers and maintains inflation as a priority issue.The ECB proceeded with another interest rate hike in June, citing stubborn price pressures. With employment hovering at historic highs, European policymakers may feel fully justified in maintaining a strict, hawkish posture.The steadfastness of the European labour force gives the central bank a sturdy economic foundation to absorb tighter financial conditions without triggering an immediate recession.<\/div>\n<p>[analyse_source url=&#8221;http:\/\/www.euronews.com\/business\/2026\/07\/02\/us-job-growth-plummets-as-eurozone-unemployment-holds-at-record-low&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/82\/27\/49\/1200x675_cmsv2_b5483316-350d-5c08-b972-7f33196e03ac-9822749.jpg&#8221;] Europe News Brussels supports air conditioning\u2014but not as the main answer Europe News EU car industry clashes over strategy to fight Chinese competitors Europe News Starmer issues state apology for decades of forced adoptions in UK Europe News Germany&#8217;s Merz announces sweeping reforms in key breakthrough Europe News Brussels supports air conditioning\u2014but [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2023123","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2023123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2023123"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2023123\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2023123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2023123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2023123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}