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The strength of the labor market suggests that the economy remains robust despite uncertainty caused by President Trump’s tariffs and geopolitical turmoil.
+0
+100,000
+200,000
+300,000
June
’24
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
’25
Feb.
March
April
May
June
+147,000 jobs
in June
July 3, 2025Updated 2:18 p.m. ET
American employers continued hiring at a steady clip in June, brushing aside concerns about the economy to notch another month of solid job creation.
Payrolls grew by 147,000, the Labor Department reported on Thursday, and the unemployment rate fell slightly to 4.1 percent.
The healthy hiring reaffirmed that the economy was maintaining momentum despite economic headwinds, including President Trump’s unpredictable tariff policy, global conflict, an immigration crackdown and high interest rates.
“Businesses are pretty much business as usual,” said Beth Ann Bovino, the chief economist at U.S. Bank. They may not be expanding, she added, but they still have to “keep the doors open day to day, and that means they’ve got to have their workers in place.”
Reaffirming the labor market’s durability, job gains in April and May were revised upward by a collective 16,000.
2
4
6
8
10
12
14%
2019
2020
2021
2022
2023
2024
2025
4.1%
Government
+73,000 jobs
Education and health
+51,000
Leisure and hospitality
+20,000
Construction
+15,000
Retail
+2,400
Manufacturing
–7,000
Business services
–7,000
