The Globe and Mail reports in its Friday, July 4, edition that U.S. employers added 147,000 jobs in June, showing resilience in the labour market despite uncertainty over President Donald Trump's economic policies. An Associated Press dispatch to The Globe reports that the unemployment rate decreased to 4.1 per cent from 4.2 per cent in May, according to the Labor Department.
Hiring slightly improved from a revised 144,000 in May, surpassing economists' expectations. This year, employers have added an average of 130,000 jobs per month, down from 168,000 in 2024 and an average of 400,000 from 2021 to 2023.
In June, health care jobs rose by 39,000, state governments added 47,000, and local governments gained 33,000, while the federal government lost 7,000 jobs and manufacturers shed 7,000. Labor Department revisions added 16,000 jobs to April and June payrolls. The number of unemployed people fell by 222,000.
Average hourly wages came in cooler than forecasters expected, rising 0.2 per cent from May and 3.7 per cent from a year earlier. The year-over-year number is inching closer to the 3.5 per cent year-over-year number considered consistent with the Federal Reserve's 2-per-cent inflation target.
© 2025 Canjex Publishing Ltd. All rights reserved.