The U.S. job market continues to progress steadily, notwithstanding media assertions regarding ‘increasing economic uncertainty’ and the alleged effects of President Donald Trump’s tariffs.
In June, the economy saw the addition of a stronger-than-anticipated 147,000 jobs, while the unemployment rate decreased to 4.1% from 4.2%, as per data released on Thursday by the Bureau of Labor Statistics.
The job gains in June surpassed the forecast of 117,500 and demonstrated a significant increase from May’s total, which was adjusted upward by 5,000 jobs to 144,000. Additionally, April’s gains were revised upward by 11,000, culminating in a net increase of 158,000 jobs.
This marks a departure from the Biden administration, during which the Labor Department frequently revised job figures downward in subsequent months.
