Posted on 07/03/2025 6:22:31 AM PDT by DFG
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.
(Excerpt) Read more at breitbart.com ...
Only when it’s “good” news for socialists and bad news for America.
Stoopid tarrifs....
Thank You!
I’m out of the country and had forgotten the time.
4th of July tomorrow.
Let’s say Monday then 😉
Democrats want the country to fail - it’s why they hate Trump so much... Trump’s winning and the country’s winning they hate him for that.
The media will either ignore this or spin it to make Trump look bad.
Count on it.
Oh my, Trump undoing all that hard work Xiden put in.
Real economy employment was not good. These so called good numbers were driven by government and healthcare jobs. Given that both are a huge suck on taxpayers, this is not great news.
Keep your eye on private sector employment and don’t include anything that that’s proceed but lives on the government tit.
Better yet keep your eye on that unemployment number versus the number of adults in the US.
Amazingly few people work in the real economy.
“ Job growth was heavily concentrated in state and local government and in healthcare. A number of other sectors, including manufacturing and professional and business services, were flat or shed jobs.” - WSJ
No the type of job growth to be applauded.
The difference could mean that the small businesses, companies with under 50 employees, are starting to hire again.
Probably we will not, unless things really pick up, but there has been an uptick in sales for the small business I do book keeping for.
closed tomorrow
“government’s payroll continued to shrink....so-called government-adjacent jobs in education, healthcare, social services”
The need is for a change in society from non-productive jobs to productive jobs.
Who is winning? The parasites? or the host?
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