The Washington Post reports:
Employers created 147,000 jobs in June, close to the pace of job creation in May, despite economic uncertainty that has strained the labor market. The unemployment rate ticked down to 4.1 percent, according to a jobs report released Thursday by the Labor Department.
Businesses have been adding jobs at a slower pace this year compared to last year. And economists say that the job market is in an increasingly delicate position as higher tariffs, federal spending cuts and the immigration crackdown weigh on employers.
So far, Trump administration policies that have spooked Wall Street and Main Street alike have yet to take a hit to the labor market. Layoffs remain low. Job openings increased in May, according to a separate data report by the Labor Department. But economists predict a pronounced slowdown as the year unfolds.
Read the full article.
Maria Bartiromo and company frantically pre-spin a June jobs report they expect to be bad, only for them to learn in real time that it’s not as dire as they thought pic.twitter.com/Cn7H9eDwHl
— Aaron Rupar (@atrupar) July 3, 2025
U.S. payrolls increased by 147,000 in June, more than expected https://t.co/C7nostkhXK
— CNBC International (@CNBCi) July 3, 2025