- 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 in the labor force pushed participation to a low of 62.3%.
- Despite President Trump’s calls for lower rates and Fed Chair Powell’s resignation, the Fed maintains its 4.25%-4.5% benchmark rate, with Powell emphasizing a data-driven approach amid muted tariff-related inflation.
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Source: https://wallstreetpit.com/127857-us-labor-market-adds-147000-jobs-in-june-unemployment-drops-to-4-1/#google_vignette
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