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. ...