147,000 jobs created in June, beating expectations. It's not huge job growth, but it's steady and it's better than what the doomsayers in the media and in the banks keep wishcasting.
The unemployment rate also fell to 4.1%. I remember the media insisting the economy was doing great under Biden because unemployment was 4.6%. Any chance the media will apply the same rule here?
Even better: Real wages increased and inflation remains low.
For the fourth consecutive month, the U.S. economy under President Trump has outperformed expectations--adding 147,000 jobs in June and pushing unemployment down to 4.1%.
Key Details:
The Department of Labor reported Thursday that 147,000 jobs were added in June, exceeding economists' forecasts of 110,000. Unemployment fell to 4.1%, defying predictions of a rise to 4.3%.
Revisions to prior months also boosted job totals. April's job creation was revised upward by 11,000 to 158,000, and May gained an additional 5,000, bringing that month's total to 144,000.
Wages continued to climb, with average hourly earnings up 0.2% in June and 3.7% over the past year--well above the current inflation rate. Private-sector production and nonsupervisory workers saw even stronger growth at 0.3%.
Diving Deeper:
The U.S. labor market remains resilient, as employers added 147,000 new jobs in June--far surpassing expectations and bringing fresh momentum to a workforce shaped by President Trump's trade and tax policy agenda. The June report from the Department of Labor, released Thursday, showed not only stronger monthly job growth but also a drop in the unemployment rate to 4.1%, despite forecasts calling for a slight increase.
Economists had been bracing for signs of a slowdown, especially following the rollout of Trump administration tariffs aimed at strengthening domestic industries. Instead, job gains were broad-based and upward revisions to April and May added another 16,000 positions to the employment tally.
Private employers were responsible for 74,000 of the new positions, while the public sector contributed another 73,000. Within the federal workforce, employment shrank by 7,000--underscoring the Trump administration's stated effort to rein in government bloat.
...
Wage growth continued at a healthy pace, with average hourly earnings rising 0.2% in June and 3.7% over the past year--figures that outstrip inflation and reinforce optimism about workers' real purchasing power. Non-supervisory and production employees in the private sector saw a stronger 0.3% monthly gain.
White House Press Secretary Karoline Leavitt touted the report on Thursday morning, noting on X that this marks "the FOURTH month in a row" of beating job expectations, and emphasizing that "American-born workers have accounted for ALL of the job gains since President Trump took office." She added, "The economy is BOOMING again and it will only get better when the One, Big Beautiful Bill is passed and implemented!"
When I said "media doomsayers," I wasn't exaggerating:
Meanwhile the Democrats are melting down about the Big Beautiful Bill forcing the able-bodied childless adults Obama allowed to claim Medicaid to at least get a job in exchange for their taxpayer-provided benefits.
This entitled princess cries that she had to take a plane back to DC to do her f***ing job.
Democrats don't want jobs-- they only want paychecks. They just do not want to work at all. They want to sit in the office and play with their phones and start company slack-chats in which they rant about their extremist cultish politics all day.
They think that work is beneath them. They think they're all unrecognized Nobles.