U.S. employers announced plans to hire 10,933 workers in June, a 44% drop from 19,536 in May. Year‑to‑date, hiring plans have risen 10% from the same period last year to 91,405. The increase is largely driven by a 167% rise in tech sector hiring, reaching 14,761. Excluding tech, hiring plans fell 1% from last year to 76,644. The biggest decline is in the entertainment and leisure sector, which has dropped 57% year‑to‑date to 12,096. This trend continues a five‑year decline in hiring intent, with the index falling 84% since 2020 and reaching 508,000 in 2025.
Overall, the weak U.S. labor market persists at the core of the economy.