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

  • In June 2025, the U.S. labor market demonstrated unexpected strength by increasing employment by 147,000 positions, which contributed to lowering the unemployment rate to 4.1%.
  • Job growth slowed compared to previous months, affected by lingering uncertainty from President Trump's tariff policies and earlier economic shifts.
  • Most jobs added were in government and healthcare, while manufacturing lost 7,000 positions, and continuing claims held steady at 1.964 million.
  • Economists had forecast only 110,000 new jobs, so the June figures mark a stronger-than-expected labor market supported by modest wage increases and stable layoffs.
  • The resilient labor market suggests low layoffs and employer caution amid tariff impacts, potentially delaying Federal Reserve rate cuts in the near term.
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Stimulated by a more favourable report than expected on U.S. employment and despite a long wait around tariffs, the New York Stock Exchange advanced this Thursday morning. ...

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