US Labor Market Adds 147,000 Jobs in June, Unemployment Drops to 4.1%
June’s nonfarm payrolls rose by 147,000, exceeding expectations of 110,000, while the unemployment rate dropped to 4.1%, signaling a robust labor market that may delay a July Federal Reserve rate cut. Government employment led with a 73,000 job gain, followed by health care (39,000) and social assistance (19,000), though a 329,000 increase in those not…