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

  • The U.S. economy added 147,000 jobs in June 2025, with the unemployment rate falling to 4.1% from 4.2% in May, according to the Labor Department's Thursday report.
  • This job growth followed steady continuing claims at 1.964 million for the week ended June 21 and coincided with uncertainty around President Trump's tariffs affecting business decisions.
  • Most of June's job gains came from state governments adding 47,000 positions and healthcare companies adding 39,000, while manufacturers cut 7,000 jobs, indicating uneven labor market strength.
  • Average hourly earnings increased by 0.2% compared to May and were up 3.7% from the previous year, while Dow futures climbed 133 points as investors responded favorably to the economic data.
  • The labor market showed resilience despite policy uncertainty, leading Fed Chair Powell to say the Fed will "wait and learn more" about tariffs before cutting rates again.
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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.

The Billings GazetteThe Billings Gazette
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Report: US labor market added 147K jobs in June

WASHINGTON — The U.S. labor market churned out a surprisingly strong 147,000 jobs last month, the Labor Department reported Thursday. The unemployment rate also ticked down unexpectedly.

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