US job market sees 147,000 new jobs in June amid Trump's trade war uncertainties
US Unemployment Rate Dips Slightly
The job increase exceeded forecasts, with 8,000 additional jobs created compared to May, based on the latest data from the Bureau of Labor Statistics (BLS), as reported by The Guardian. The rate of unemployment also decreased slightly, dropping to 4.1% from 4.2%, as per the report.
State and Healthcare Jobs Lead the Growth
Employment was strongest in state government and health care, as jobs rose by 47,000 and 39,000, respectively, according to The Guardian report.
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Federal Jobs Continue to Shrink
However, the federal government kept reducing its employees, losing another 7,000 jobs, which added to a cumulative total federal job loss of 69,000 since January as the Trump administration continues to make cuts, according to the report.
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While, economists have also warned that the US labor market has just been slower to show sensitivity to the tariffs, even though the tariffs and trade disputes have shaken the stock market, which plummeted in the spring but has now bounced back, as per The Guardian report.
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Private Sector Weakness Emerges
According to a Reuters report, the private payrolls rose by 74,000 jobs, but it was the lowest increase since October of 2024. Healthcare employed an additional 39,000 people, which was spread across hospitals, nursing and residential care facilities, as per the report. Even social assistance jobs rose by 19,000, as reported by Reuters.
While the manufacturing sector lost 7,000 jobs, wholesale trade lost 6,600 positions, and even professional and business services payrolls decreased 7,000 jobs, as reported by Reuters. Though retailers added a paltry 2,400 jobs, reported Reuters.
Participation Rate Drops to 62.3%
Even though the jobless rates fell in June, it was mainly because of a decrease in those working or looking for jobs as the labor force participation rate declined to 62.3%, which is the lowest level since late 2022, according to CNBC.
Concerns About the Second Half of 2025
According to Reuters, many economists have predicted that the jobless rate will increase through the second half of this year, and potentially encourage the Fed to resume its monetary policy easing cycle in September.
Chief economist at Raymond James, Eugenio Aleman, pointed out that, "Although the overall number of jobs was very strong, the weakness was broad-based across the private sector," adding, "The labor market continued to weaken in June, which is in line with our view and should reignite the conversation regarding the Federal Reserve's interest rate path," as quoted by Reuters.
FAQs
Which sectors saw the biggest job gains?
State government and healthcare were the standouts, adding 47,000 and 39,000 jobs respectively, as per The Guardian report.
Why is the federal government cutting jobs?
The Trump administration has continued making cuts to reduce the size of the federal workforce, resulting in 69,000 job losses since January.
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