U.S. Adds 147,000 Jobs in June Amid Wage Gains

The U.S. economy added 147,000 jobs in June 2025, exceeding expectations and signaling resilience in the labor market despite slowing hiring trends and economic uncertainties tied to President Donald Trump's policies. The unemployment rate fell slightly to 4.1% from 4.2% in May, though this decline partially reflected a drop in labor force participation as more people stopped looking for work. Most new jobs were created by state and local governments, particularly in education and healthcare sectors, while private-sector hiring was modest, marking the smallest increase in eight months. Wage growth slowed to 3.7% year-over-year, nearing pre-pandemic levels, indicating less pressure on employers to raise pay amid a cooling labor market. Analysts noted that the strong government hiring somewhat masks weaker private-sector job growth, with factors such as high interest rates and immigration crackdowns influencing the job market dynamics. Overall, while the report suggests economic strength under President Trump’s administration, it also points to challenges ahead for private businesses and the broader labor market.