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

  • The U.S. economy saw an increase of 147,000 jobs in June 2025, while the unemployment rate decreased slightly from 4.2% to 4.1%.
  • This figure exceeded economists' expectations of about 110,000 new jobs amid ongoing uncertainty over President Trump's tariff policies.
  • Most job gains in June occurred in state and local government, healthcare, and leisure sectors, while manufacturing jobs declined slightly.
  • For the week ending June 21, continuing unemployment benefit claims held steady at 1.964 million, while initial claims for the week ending June 28 dropped to 233,000.
  • The strong job data reassures that the labor market remains resilient but suggests the Federal Reserve may delay rate cuts as it assesses tariff impacts on inflation.
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Barron's broke the news in New York, United States on Wednesday, July 2, 2025.
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