Advanced ➔ Results Economic ReportThe June jobs report showed a bigger-than-expected increase in employment. The Fed’s rate cuts are on hold for now. Unemployment rate drops to 4.
2%Last d: July 3, 2025 at 10:10 a. ETFirst Published: July 3, 2025 at 8:34 a. ETResizeListen(1 min)A hiring sign is displayed in a Pizza Hut store in Austin, Texas.
Hiring has slowed in most parts of the country, but Texas is still adding lots of new jobs. Photo: Getty ImagesThe U. Added a decent 147,000 jobs in June, pointing to resilience in the labor market.
But the pace of hiring has slowed since last year as es grapple with trade wars and an immigration crackdown.
Half of the new jobs were created by state and local governments, taking some shine off a seemingly solid report.
The private sector only added 74,000 jobs, marking the smallest increase in eight months. The Author Jeffry BartashJeffry Bartash is a reporter for MarketWatch in Washington.
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