Summary
The United States added 147,000 jobs in June, surpassing expectations, as the labor market remained mostly steady despite economic uncertainties. The unemployment rate slightly decreased to 4.1%, but several industries experienced little change in hiring due to policy uncertainties. Government and healthcare sectors saw the most job gains, while federal jobs continued to decline.
Key Facts
- In June, the U.S. economy added 147,000 jobs.
- The unemployment rate dropped by 0.1% from May, reaching 4.1%.
- Government jobs, especially state-level education positions, saw significant growth, adding a total of 73,000 jobs.
- The healthcare sector added 39,000 jobs, while social assistance employment increased by 19,000.
- Federal employment decreased by 7,000 jobs, contributing to a total loss of 69,000 since January.
- Average hourly wages rose by 0.2% from May and 3.7% compared to the previous year.
- The private sector showed little change in employment due to uncertainties around tariffs and immigration policies.
- Weekly jobless claims fell by 4,000 to 233,000, indicating relatively low layoffs.
