Golden Age: U.S Economy Adds 147,000 Jobs, Much Higher Than Expected, Unemployment Rate Unexpectedly Falls

Employers in the United States added 147,000 workers to their payrolls in June, the Department of Labor said Thursday, and the unemployment rate declined to 4.1 percent,  defying predictions of labor market sluggishness following the implementation of President Trump’s tariffs.

Economists had been expecting 110,000 jobs and an unemployment rate ticking up to 4.3 percent.

The April jobs report was revised up by 11,000, from a gain of 147,000 to 158,000. May was revised up by 5,000 to 144,000. Combined, the revisions added 16,000 jobs to the April and May reports.

Wage gains continued in June. Average hourly earnings rose by 0.2 percent in the month and are up 3.7 percent from a year ago, well above the rate of inflation. Average hourly earnings of private-sector production and nonsupervisory employees rose by 0.3 percent.

The private sector added 74,000 and the public sector added 73,000. The federal government’s payroll continued to shrink, falling by 7,000 in June.

Construction added 15,000 jobs while manufacturing contracted by 7,000. The services sector added 68,000, led by a gain of 58,600 in healthcare and social assistance. Leisure and hospitality added 20,000. There were small gains in retail trade, information technology, financial services, and utilities.

The private sector gains were a bit weaker than expected, especially after so-called government-adjacent jobs in education, healthcare, and social services are excluded.

You May Also Like

Kim Kardashian’s Hidden Hills Mansion Broken Into; Man Arrested

Kim Kardashian’s Hidden Hills estate was at the center of a frightening…

Leaked WNBA Memo Reveals Chief’s Transgender Athlete Plan

A group made up of prominent WNBA stakeholders is expected to meet…

Adolf Hitler’s $42M Luger Fuels Explosive Court Battle

A pistol described as the “most valuable” on the planet — a…

Aubrey Plaza, 42, Spotted Holding Her Newborn Baby for the First Time

Aubrey Plaza has been seen in public for the first time since…

Australian Man Tased Before Arrest for Alleged Knife Carrying

A police pursuit unfolded in an Australian suburb on Monday afternoon, ending…

Trump Reveals New Low-Key Strategy in Iran Conflict

President Donald Trump says the United States is dialing down its posture…

Met Police Seize £8m Worth of Vehicles in London Crackdown

The Metropolitan Police have impounded luxury cars worth more than £8million after…

Marine Who Left Woman Paralyzed ‘Threatened’ Her Fundraiser

A North Carolina Marine accused in a violent home invasion allegedly posted…

Gavin Newsom’s Mansion Summit With CEOs and Business Partner Sister Draws Scrutiny

Gov. Gavin Newsom and his sister, Hilary Newsom Callan, who oversees his…

Wyoming Restaurant Takes Action After Family Skips $130 Tab

A small restaurant owner in Casper, Wyoming, turned to her community after…

Trump Repeats Reflecting Pool Vandalism Claim Against Ex-Olympian David Hearn, Acknowledges Contractor Error

President Trump on Sunday night renewed his accusation that former Olympian David…

Brad Pitt Reveals He’s No Longer Sober After Years of Sobriety

Brad Pitt has said he is drinking alcohol again after spending seven…