Financial News: U.S. Employment Jumps By 147,000 Jobs In June,

U.S. Employment Jumps By 147,000 Jobs In June, More Than Expected

07/03/2025 - 09:27:00 (RTTNews)

(RTTNews) - A closely watched report released by the Labor Department on Thursday showed employment in the U.S. increased by more than expected in the month of June.

The Labor Department said non-farm payroll employment shot up by 147,000 jobs in June after jumping by an upwardly revised 144,000 jobs in May.

Economists had expected employment to climb by 110,000 jobs compared to the addition of 139,000 jobs originally reported for the previous month.

The stronger than expected job growth partly reflected increases in state government and healthcare employment, which helped to offset the continued loss of government jobs.

The report also said the unemployment rate edged down to 4.1 percent in June from 4.2 percent in May. The unemployment rate was expected to inch up to 4.3 percent.

The unexpected decrease by the unemployment rate came as the by the household survey measure of employment fell by 222,000 persons, while the labor force shrank by 130,000 persons.

"If businesses keep expanding payrolls like they've done so far this year, the Fed can comfortably sit in 'wait and see' mode at the upcoming policy meeting," said Jeffrey Roach, Chief Economist for LPL Financial. "Uncertainty around tariffs and trade have apparently not spooked businesses into shedding workers."

He added, "One note of caution: the administration is still actively negotiating details with several major trading partners and the eventual business impacts are unknown."

The Labor Department released a separate report on Thursday showing an unexpected decrease by first-time claims for U.S. unemployment benefits in the week ended June 28th.

The report said initial jobless claims edged down to 233,000, a decrease of 4,000 from the previous week's revised level of 237,000.

Economists had expected jobless claims to inch up to 240,000 from the 236,000 originally reported for the previous week.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Reaches Five-Month High In July (01 hr(s), 54 min(s), 21 sec(s) ago)
(RTTNews) - After reporting a substantial rebound by U.S. consumer sentiment in the previous month ...Full Story»

U.S. Housing Starts Rebound More Than Expected In June (02 hr(s), 53 min(s), 21 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

U.S. Housing Starts Surge 4.6% In June, More Than Expected (03 hr(s), 59 min(s), 21 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

Italy Current Account Surplus Grows In May (06 hr(s), 02 min(s), 21 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

Eurozone Construction Output Falls 1.7% (06 hr(s), 23 min(s), 21 sec(s) ago)
(RTTNews) - Eurozone construction output declined at the fastest pace in nearly two-and-a-half yea ...Full Story»

Eurozone Current Account Surplus Surges (06 hr(s), 37 min(s), 21 sec(s) ago)
(RTTNews) - The euro area current account surplus increased sharply in May largely due to the rise ...Full Story»

Italy Construction Output Falls 1.4% (08 hr(s), 19 min(s), 21 sec(s) ago)
(RTTNews) - Italy's construction output decreased in May after recovering in the previous mont ...Full Story»

Malaysia GDP Growth Improves In Q2 (09 hr(s), 0 min(s),21 sec(s) ago)
(RTTNews) - Malaysia's economic growth improved in the second quarter driven by strong domesti ...Full Story»