🚨 𝗝𝘂𝗻𝗲 𝗝𝗼𝗯𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗕𝗲𝗮𝘁𝘀 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 — 𝗕𝘂𝘁 𝗧𝗿𝘂𝗺𝗽’𝘀 𝗧𝗿𝗮𝗱𝗲 𝗪𝗮𝗿 𝗖𝗮𝘀𝘁𝘀 𝗮 𝗦𝗵𝗮𝗱𝗼𝘄 🇺🇸
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 — 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
💥 Economists say Trump’s 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:
⚠️ Labor force participation slipped
⚠️ Private hiring is softening
⚠️ Wage growth stayed modest
This jobs report signals a mixed economic picture — and the Fed may be watching closely as markets weigh the ripple effects of policy, tariffs, and global uncertainty.
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