U.S. payrolls increased by 147,000 in June, more than expected [View all]
Source: CNBC
Published Thu, Jul 3 2025 8:30 AM EDT Updated 1 Min Ago
Job growth proved better than expected in June, boosted by government hiring, as the labor market showed surprising resilience and likely took a July interest rate cut off the table.
Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000 and just above the upwardly revised 144,000 in May, the Bureau of Labor Statistics reported Thursday. April’s tally also saw a small upward revision, now at 158,000 following an 11,000 increase.
The unemployment rate fell to 4.1%, the lowest since February and against a forecast for a slight increase to 4.3%. A more encompassing rate that includes discouraged workers and those holding part-time positions for economic reasons edged down to 7.7%, the lowest since January.
Though the jobless rates fell, it was due largely to a decrease in those working or looking for jobs. The labor force participation rate dropped to 62.3%, its lowest level since late 2022, owing to an increase of 329,000 of those not counted in the labor force. The household survey, which is used to calculate the unemployment rate, showed a smaller employment gain of just 93,000. The ranks of those who had not looked for a job in the past four weeks swelled by 234,000 to 1.8 million.
Read more: https://www.cnbc.com/2025/07/03/jobs-report-june-2025.html
From the source -
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Payroll employment increases by 147,000 in June; unemployment rate changes little at 4.1% https://bls.gov/news.release/empsit.nr0.htm
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8:32 AM · Jul 3, 2025
Good morning DU - stay tuned for our economic analysts for the deep dive into the data and although it's not Friday, it is Thursday!
Article updated.
Previous articles -
Job growth proved better than expected in June, as the labor market showed surprising resilience in the wake of President Donald Trump's calls for interest rate cuts.
Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000 and just above the upwardly revised 144,000 in May, the Bureau of Labor Statistics reported Thursday. April's tally also saw a small upward revision, now at 158,000 following an 11,000 increase.
The unemployment rate fell to 4.1%, the lowest since February and against a forecast for a slight increase to 4.3%. A more encompassing rate that includes discouraged workers and those holding part-time positions for economic reasons edged down to 7.7%.
Though the jobless rates fell, it was due largely to a decrease in those working or looking for jobs. The labor force participation rate fell to 62.3%, its lowest level since late 2022 as the labor force, owing to an increase of 329,000 of those not counted in the labor force. The household survey, which is used to calculate the unemployment rate, showed a smaller gain of just 93,000.
Job growth proved better than expected in June, as the labor market showed surprising resilience in the wake of President Donald Trump's calls for interest rate cuts.
Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000, the Bureau of Labor Statistics reported Thursday.
The unemployment rate fell to 4.1%, against a forecast for a slight increase to 4.3%.
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Original article -
Nonfarm payrolls were expected to increase 110,000 in June, according to the Dow Jones consensus estimate. The unemployment rate was forecast to rise to 4.3%.
This is breaking news. Please refresh for updates.
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