Thu, 03 Jul 2025

Thu, 03 Jul 2025 Strong jump in US jobs as economy defies expectations

Hiring in the US defied expectations with 147,000 jobs added last month, official figures show.

* US added 147,000 jobs in June, exceeding analysts' predictions
* Unemployment rate fell to 4.1%
* Government and healthcare sectors led job gains
* Private sector hiring concerns remain due to caution among firms
* Number of long-term unemployed increased by 190,000 to 1.6 million people
* Economists expect US central bank (Federal Reserve) to cut interest rates again in September despite some predictions of higher inflation due to tariffs
* Trade negotiations and tariff impacts on inflation are ongoing concerns
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