US Jobs Report, stronger-than-expected 147,000 jobs in June

Damocles

Damocles

Accedo!
Staff member


The US job market continues to chug along despite heightened uncertainty about the economy and how President Donald Trump’s tariffs could shake out.

The economy added a stronger-than-expected 147,000 jobs in June, and the unemployment rate ticked down to 4.1% from 4.2%, according to Bureau of Labor Statistics data released Thursday.

Last month’s gains, which landed above expectations for 117,500 jobs to be added, marked a slight increase from May’s total, which was revised up slightly (5,000 jobs) to 144,000. April’s job gains were revised higher by 11,000 jobs, for a net gain of 158,000.

Those revisions and Thursday’s data bring the three-month average job growth to 150,000.

More at link...
 
Damocles said:


The US job market continues to chug along despite heightened uncertainty about the economy and how President Donald Trump’s tariffs could shake out.

The economy added a stronger-than-expected 147,000 jobs in June, and the unemployment rate ticked down to 4.1% from 4.2%, according to Bureau of Labor Statistics data released Thursday.

Last month’s gains, which landed above expectations for 117,500 jobs to be added, marked a slight increase from May’s total, which was revised up slightly (5,000 jobs) to 144,000. April’s job gains were revised higher by 11,000 jobs, for a net gain of 158,000.

Those revisions and Thursday’s data bring the three-month average job growth to 150,000.

More at link...
Click to expand...

There's two sides to this coin. ​

​

The hidden bad news in the June jobs report​

It is becoming harder for Americans to find work:

Job growth was not widespread

Employees worked fewer hours:

The unemployment rate for Black Americans rose:

More women are leaving the workforce:

Wage growth gains have slowed:

There’s some fuzzy math to understand: The unemployment rate went down and the size of the labor force also went down — mostly because the US lost more than 1 million foreign-born workers in the last quarter. That rebalancing essentially allows the jobless rate to stay unchanged or even drop, despite an increase in the number of people out of work.

About those workers: Trump’s policies include a large-scale immigration crackdown and targeted deportation of workers, depriving companies of what has been a key sector of the labor force in recent years.


 

S jobs report by industry​


Among the 14 top-level industry sectors, 9 trended up and 5 saw declines. The top industries adding jobs were government, private education and health services and leisure and hospitality.​



Government 73K
Private education and health services 51K
Leisure and hospitality 20K
Construction 15K
Transportation and warehousing 7.5K
Information 3K
Financial activities 3K
Retail trade 2.4K
Utilities 600
Mining and logging −2K
Other services −5K
Wholesale trade −6.6K
Manufacturing −7K
Professional and business services −7K

Notes: Employment numbers reflect monthly change in non-farm jobs and is seasonally adjusted. Figures from two most recent months are preliminary. Data current through June as of July 3, 2025 at 8:31 a.m. ET.

Source: US Bureau of Labor Statistics

Graphic: Byron Manley and Matt Stiles, CNN

 
Damocles said:


The US job market continues to chug along despite heightened uncertainty about the economy and how President Donald Trump’s tariffs could shake out.

The economy added a stronger-than-expected 147,000 jobs in June, and the unemployment rate ticked down to 4.1% from 4.2%, according to Bureau of Labor Statistics data released Thursday.

Last month’s gains, which landed above expectations for 117,500 jobs to be added, marked a slight increase from May’s total, which was revised up slightly (5,000 jobs) to 144,000. April’s job gains were revised higher by 11,000 jobs, for a net gain of 158,000.

Those revisions and Thursday’s data bring the three-month average job growth to 150,000.

More at link...
Click to expand...
But I thought the Government was lying on those stats? That is what we heard during the Obama and Biden Era, just joking

Key here may be “better than expected,” and if you look at where those jobs increased a good number were with State and Local Government, and “when stripping out the public sector gains (the +80,000 was offset slightly by a loss of 7,000 jobs federally), US private sector businesses added 74,000 jobs in June, the smallest monthly gain since October 2024.”

One of those reports anyone can interrupt as they like
 
archives said:
But I thought the Government was lying on those stats? That is what we heard during the Obama and Biden Era, just joking

Key here may be “better than expected,” and if you look at where those jobs increased a good number were with State and Local Government, and “when stripping out the public sector gains (the +80,000 was offset slightly by a loss of 7,000 jobs federally), US private sector businesses added 74,000 jobs in June, the smallest monthly gain since October 2024.”

One of those reports anyone can interrupt as they like
Click to expand...


1751568452205.png
 
archives said:
But I thought the Government was lying on those stats? That is what we heard during the Obama and Biden Era, just joking

Key here may be “better than expected,” and if you look at where those jobs increased a good number were with State and Local Government, and “when stripping out the public sector gains (the +80,000 was offset slightly by a loss of 7,000 jobs federally), US private sector businesses added 74,000 jobs in June, the smallest monthly gain since October 2024.”

One of those reports anyone can interrupt as they like
Click to expand...
The Trump Train left you at the station, Anchovies.
 
Trumpet said:

There's two sides to this coin. ​

​

The hidden bad news in the June jobs report​

It is becoming harder for Americans to find work:

Job growth was not widespread

Employees worked fewer hours:

The unemployment rate for Black Americans rose:

More women are leaving the workforce:

Wage growth gains have slowed:

There’s some fuzzy math to understand: The unemployment rate went down and the size of the labor force also went down — mostly because the US lost more than 1 million foreign-born workers in the last quarter. That rebalancing essentially allows the jobless rate to stay unchanged or even drop, despite an increase in the number of people out of work.

About those workers: Trump’s policies include a large-scale immigration crackdown and targeted deportation of workers, depriving companies of what has been a key sector of the labor force in recent years.
Click to expand...
Terrible news like that would usually result in a terrible day on Wall Street. Let's see how it went..............................
 
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