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U.S. payrolls increased by 147,000 in June, more than expected

  • In June, U.S. employers added 147,000 jobs, surpassing forecasts, with unemployment falling to 4.1% according to the Bureau of Labor Statistics.
  • Hiring in healthcare and government sectors drove June’s job gains despite tariffs and business uncertainty, highlighting sector resilience amid economic headwinds.
  • Labor Department revisions added 16,000 jobs, with wages rising 0.2% monthly and 3.7% annually, confirming steady wage growth despite slow overall job gains.
  • Markets responded as stock futures rose, with S&P +0.3% and Nasdaq +0.35%, likely influencing the Fed to maintain current rates amid resilient job growth.
  • Trump’s 90-day tariff pause expires July 9, with Oxford Economics projecting higher unemployment in the second half of 2025.
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After the negative data on employment in the U.S. by the ADP firm on Wednesday, the U.S. Department of Labor reported yesterday that in June 147,000 net jobs were created and unemployment fell to 4.1%, below 4.2% of the previous month and market expectations of 4.3%. After the new report, yesterday in the Chicago Mercantile Exchange the odds of the Federal Reserve (Fed) applying a cut to its interest rate in July, to 4.3% from 23.8% on Wednesday.

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Barron's broke the news in New York, United States on Wednesday, July 2, 2025.
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