The U.S. economy added 147,000 jobs in June, exceeding analyst expectations, with the unemployment rate dropping to 4.1 percent. Government jobs saw the most growth, adding 73,000 positions, especially in state education. However, federal jobs declined by 7,000 since January. The healthcare sector also added 39,000 jobs. Despite these positive numbers, the private sector showed little hiring change due to uncertainties from Trump's tariffs and immigration policies. Businesses are cautious, leading to a shortened average workweek and registered layoffs in various industries.
Looming uncertainty driven by Trump's tariffs and immigration policies led to little change across much of the private sector in terms of hiring, including in construction, mining, oil and gas extraction, wholesale and retail trade, transportation, financial services, professional and business services, and leisure and hospitality.
The United States economy has added 147,000 jobs in June, beating analyst expectations, as the labour market remains stable despite economic uncertainty driven by President Donald Trump's policies.
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