Summary
U.S. employers added 147,000 jobs in June, with revisions for April and May showing an increase of 16,000 more jobs than previously reported. The unemployment rate decreased slightly to 4.1% as some people left the workforce. Job growth occurred mainly in health care and local governments, while manufacturing lost jobs due to ongoing tariff issues.
Key Facts
- The U.S. added 147,000 jobs in June as reported by the Labor Department.
- Revisions for April and May showed an additional 16,000 jobs added.
- The unemployment rate fell from 4.2% in May to 4.1% in June.
- Health care and state and local government sectors saw job increases.
- The federal government cut 7,000 jobs in June.
- Factories lost 7,000 jobs in June, continuing a decline from previous months.
- Manufacturing struggles were linked to tariffs affecting business.
- The Federal Reserve may not rush to lower interest rates, citing steady job growth.
