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

  • In June 2025, the U.S. economy saw an increase of 147,000 jobs while the unemployment rate declined slightly, moving down from 4.2% to 4.1%, as reported by the Labor Department.
  • This job growth followed an upward revision of May's payrolls to 144,000 and occurred amid uncertainty caused by President Trump's erratic tariff policies.
  • The majority of new employment openings occurred in healthcare, recreational services, and government positions at the state and local levels, while the manufacturing sector lost 7,000 jobs and participation in the labor force decreased.
  • Initial unemployment claims dropped to 233,000 for the week concluding on June 28, while stock futures climbed, with Dow futures rising by 133 points following the announcement.
  • The data signals ongoing labor market resilience despite slowing growth and tariff challenges, while the Federal Reserve plans to wait and learn more before lowering rates again.
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Barron's broke the news in New York, United States on Wednesday, July 2, 2025.
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