The US economy added 147,000 jobs in June, surpassing expectations amid Donald Trump's trade war. The unemployment rate decreased to 4.1%. Job gains were noted in state government and healthcare sectors. Federal government job losses continued with a total of 69,000 jobs lost since January. Despite concerns about tariffs, economists noted signs of hesitancy among employers. Private sector jobs actually decreased by 33,000 in June, the first decline since March 2023, indicating a reluctance to hire and replace workers, particularly impacting openings in other sectors.
"The US economy added 147,000 jobs in June, a sign of continuing strength in the labor market amid Donald Trump's trade war, surpassing expectations for lower job openings."
"Job gains were seen in state government and healthcare, with increases of 47,000 and 39,000 jobs respectively, while federal government job losses continued to total 69,000 since January."
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