๐จ ๐๐๐ป๐ฒ ๐๐ผ๐ฏ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ฒ๐ฎ๐๐ ๐๐ ๐ฝ๐ฒ๐ฐ๐๐ฎ๐๐ถ๐ผ๐ป๐ โ ๐๐๐ ๐ง๐ฟ๐๐บ๐ฝโ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ ๐ช๐ฎ๐ฟ ๐๐ฎ๐๐๐ ๐ฎ ๐ฆ๐ต๐ฎ๐ฑ๐ผ๐ ๐บ๐ธ
The U.S. added 147,000 jobs in June, driven mostly by a surge in public school hiring, according to the latest BLS report. The unemployment rate fell to 4.1%, but the strong headline masks weakness in private sector hiring โ which hit just 74,000 jobs, the lowest since October.
Key Sector Breakdown:
Health care led private gains with 59K jobs (its slowest in 4 months)
Manufacturing, wholesale trade, and business services saw declines
Leisure & hospitality gains were erased after downward revisions
๐ฅ Economists say Trumpโs tariff-heavy trade policy and uncertainty around pending tax cuts are forcing employers to hold back on hiring. Wall Street took note: Treasury yields and the dollar climbed, while investors now expect the Fed to delay rate cuts until September.
Despite cautious optimism, cracks are showing:
โ ๏ธ Labor force participation slipped
โ ๏ธ Private hiring is softening
โ ๏ธ Wage growth stayed modest
This jobs report signals a mixed economic picture โ and the Fed may be watching closely as markets weigh the ripple effects of policy, tariffs, and global uncertainty.
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