Upbeat New Jobs Report in June Leaves Housing in ‘Holding Pattern’ — RISMedia

In a highly anticipated report on job growth from the Bureau of Labor Statistics on July 3, U.S. employers added 147,000 jobs in June, up from 139,000 in May, with the unemployment rate changing little at 4.1%. The unemployment rate has remained in a narrow range of 4% to 4.2% since May 2024. Job gains occurred in state government and healthcare. The federal government continued to lose jobs.

The news was a pleasant surprise, as economists had estimated that the U.S. labor market was likely to add 110,000 jobs, with the unemployment rate for June expected to come in at 4.3%, its highest level since October 2021. Uncertainty about tariffs has been cited by many as a hindrance to the job market. Many businesses have slowed down hiring and expansion…