US Job Growth Beats Forecasts, Unemployment Hits Low

The U.S. economy added 147,000 jobs in June, exceeding expectations and demonstrating ongoing labor market resilience despite uncertainties tied to President Trump's tariff policies. The unemployment rate fell to 4.1 percent, the lowest since February, defying forecasts of an increase. Job growth has slowed from a 2024 monthly average of 168,000 to around 124,000 this year, with gains largely concentrated in government and healthcare sectors while private payrolls lagged. Economists highlight that Trump's tariffs and unpredictable trade policy continue to generate business uncertainty, with indications of private sector job losses and some federal government layoffs. Despite these challenges, layoffs remain rare overall, and the labor market has avoided recession. However, hiring momentum is clearly slowing.