US Adds 147,000 Jobs in June Unemployment Falls to 4.1%

In June 2025, U.S. employers added 147,000 jobs, surpassing economists' expectations of 110,000, while the unemployment rate dropped slightly to 4.1 percent. Job gains were seen primarily in state government, healthcare, and the private sector, although the federal government continued to cut jobs. Wages increased modestly, with average hourly earnings rising by 0.2 percent in June and 3.7 percent over the past year, outpacing inflation. Despite concerns about the impact of President Trump's tariffs, federal spending cuts, and restrictive immigration policies, the labor market showed resilience, with low layoffs and steady job openings. However, some economists warn of a potential slowdown in hiring due to ongoing economic uncertainties and possible effects of immigration restrictions on labor supply. Federal Reserve Chair Jerome Powell has indicated readiness to lower interest rates if the labor market weakens amid these challenges.