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

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.

Share this @internewscast.com
You May Also Like

Melania Trump’s Heartfelt Salute to Texas Flood Survivors

Melania Trump has revealed the touching tribute she received from survivors of the…

Justice Department Dismisses Case Against Doctor Who Aided Patients in Skirting COVID Rules

Attorney General Pam Bondi announced Saturday that the Department of Justice has…

Noah Presgrove Announcement May Finally Solve Teen’s Mysterious Death

The mystery surrounding a teenager’s death by a desolate highway might finally…

Medication Used by 34 Million Causes Embarrassing Side Effect for Me

 There’s nothing quite like summer in New York City. The birds fill…

Kris Jenner and her new friend Oprah enjoy a vacation together after connecting at Bezos’ wedding

Kris Jenner and her new pal Oprah Winfrey cemented their friendship on…

Bill Gates Loses $51 Billion in a Single Week: A Shocking Drop in Net Worth

Bill Gates experienced a dramatic $51 billion decline in his net worth…

Couple Separated Following ‘Foolish’ Error at the Border

A glamorous couple’s life was shattered when a woman was detained and…

Guns N’ Roses Manager Shares Behind-The-Scenes Stories About the ‘Challenging’ Band

Alan Niven, the ex-manager of Guns N’ Roses, is giving a behind-the-scenes…

Chinese Scientist’s Family Speaks Out Following Her Suicide

The family of Dr. Jane Wu, an esteemed Chinese American neuroscientist, has…

Judge Halts ‘Unlawful’ ICE Detentions in Southern California

A federal judge issued a significant rebuke to the Trump administration on…

Trump unveils broad tariffs targeting major U.S. trade partner

Donald Trump has enacted extensive tariffs on the United States’ largest trade…

“Billionaires’ Playground Drives Out Local Residents, Leaving City in Ruins”

A Texas city is becoming a billionaires’ playground as it moves forward…