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U.S. Labor Market Surprises with 147,000 New Jobs Last Month
- The US labor market added 147,000 jobs in June, which was more than the 144,000 jobs added in May, surpassing economists' forecast of 118,000.
- The unemployment rate dropped to 4.1% in June from 4.2% in May, with 222,000 fewer unemployed individuals, as reported by the Labor Department.
- Sarah House of Wells Fargo said, "On net, it was a good report. But when you dig underneath the surface, it was another jobs report that didn't look quite as good as first meets the eye."
- Private companies hired only 74,000 workers in June, significantly lower than the 137,000 in May, according to Labor Department figures.
12 Articles
12 Articles
U.S. labor market surprises with 147,000 new jobs last month. Here are the big takeaways (copy)
The U.S. job market delivered another upside surprise last month, churning out a better-than-expected 147,000 jobs. The unemployment rate ticked down unexpectedly, too. But the headline numbers masked some weaknesses as the U.S. economy contends with fallout from President Donald…
The Jobs Report Is Fabulous
The U.S. Bureau of Labor Statistics (BLS) issued its much-anticipated monthly jobs report. CNBC reports U.S. payrolls increased by 147,000 in June, more than expected. And the BLS revised previous months higher. The report states: The change in total nonfarm payroll employment for April was revised up by 11,000, from +147,000 to +158,000, and the change for May was […] The post The Jobs Report Is Fabulous appeared first on www.independentsentine…
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FRIDAY: Temperatures will be cooler today with 60s Coast and 70s to low 80s Inland. Breezy to gusty winds are expected along with dry conditions for the interior.
Robust job numbers challenge Federal Reserve amid Trump's rate cut demands
Strong job growth in June has tossed a wrench into the Federal Reserve’s plans as President Donald Trump ramps up pressure for interest rate cuts. According to Just the News, the latest jobs report revealed an impressive gain of 147,000 jobs, with unemployment dipping to 4.1%, complicating the Fed’s stance on rates. The Federal Reserve, tasked with balancing employment and price stability, typically slashes rates when joblessness climbs, or infl…
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