US labor market adds 147,000 jobs in June while unemployment falls to 4.1%
The US economy added 147,000 nonfarm payrolls in June, more than the 106,000 expected by economists. The unemployment rate unexpectedly fell to 4.1%. Economists had expected the unemployment rate to move higher to 4.3%.
In May, the US economy added 144,000 jobs while the unemployment held flat at 4.2%. Those figures were revised higher on Friday from a previously reported 139,000 job additions in May.
Yep - GROWTH CONTINUES TO INCREASE!
Economic uncertainty casts shadow over June's solid jobs report
www.axios.com
... Zoom in: Conditions look less cheery beneath the surface. The private sector added just 74,000 jobs in June, almost half as many as the previous month.
- - - Jobs growth was overwhelmingly concentrated in state and local government, with less impressive gains in the most cyclical sectors -- that is, those most exposed to the weakening economy.
- - - State and local government added 73,000 jobs, offsetting the continued declines in federal government (-7,000) from DOGE-related layoffs. The other big gainer was health care, which added 39,000 jobs.
- - - While the number of unemployed Americans fell, the labor force also continued to shrink for the second consecutive month, helping keep downward pressure on the unemployment rate. Another 130,000 workers exited the workforce in June. ...
Another view ...
US added 147,000 jobs last month, despite economic uncertainty
www.newsnationnow.com
... So far this year employers have added an average 124,000 jobs a month, down from 168,000 in 2024 ...
The president's deportations -- and the threat of them -- also are likely to start having an impact on the job market by driving immigrants out of the job market.
In May, the U.S. labor force -- those working and looking for work -- fell by 625,000, the biggest drop in a year and a half. ...
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