The economy is roaring back under President Trump.
In the first days of July, the U.S. Stock Market Index hit an all-time high, and now the latest Federal jobs report has revealed the job market has added an unexpected number of new jobs.
The Labor Department, in the latest data report, reported that the U.S. economy in the month of June added 147,000 jobs.
The Hill had more details on the job report:
The U.S. added 147,000 jobs and the unemployment rate held steady at 4.1 percent in June, according to data released Thursday by the Labor Department.
ADVERTISEMENTThe federal jobs report showed the labor market chugging ahead last month, beating the expectations of economists. Analysts expected the U.S. to have added roughly 100,000 jobs in June and push the jobless rate up to 4.3 percent, according to consensus projections.
The U.S. economy has held sturdy amid shocks from President Trump’s sweeping tariffs, which have drastically raised American import tax rates and uncertainty about the future of trade.
While the president has soothed some of those concerns by delaying and reducing import taxes he proposed in April, the White House is quickly approaching a self-imposed July 9 deadline to make deals with countries subject to the new tariffs.
Trump has said he would be just as happy to impose steep tariffs on trading partners again, which could reignite economic concerns.
Here was CNN’s reaction:
CNN: “This jobs market is like the Energizer Bunny. Every single time we expect it to run out of steam, it just keeps going and going.”
“We were also expecting a slowdown — we did NOT get that.”
“The unemployment rate was expected to go up — it didn’t. It went DOWN.”
— Rapid Response 47 (@RapidResponse47) July 3, 2025
TRUMP’S ECONOMIC ROCKET SHIP TAKES OFF:
June Payrolls: 147K Jobs Added, Smashing Expectations by +30%
June Unemployment Craters: Unemployment Rate Drops To 4.1%, shocking experts as 4.3% expected
The American Golden Era Boom is here pic.twitter.com/XzwTRo1GpE
— Benny Johnson (@bennyjohnson) July 3, 2025
CNBC provided a deeper analysis of the report:
Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000 and just above the upwardly revised 144,000 in May, the Bureau of Labor Statistics reported Thursday. April’s tally also saw a small upward revision, now at 158,000 following an 11,000 increase.
The unemployment rate fell to 4.1%, the lowest since February and against a forecast for a slight increase to 4.3%. A more encompassing rate that includes discouraged workers and those holding part-time positions for economic reasons edged down to 7.7%, the lowest since January.
Though the jobless rates fell, it was due largely to a decrease in those working or looking for jobs.
The labor force participation rate dropped to 62.3%, its lowest level since late 2022, owing to an increase of 329,000 of those not counted in the labor force. The household survey, which is used to calculate the unemployment rate, showed a smaller employment gain of just 93,000. The ranks of those who had not looked for a job in the past four weeks swelled by 234,000 to 1.8 million.
ADVERTISEMENTStocks rose following the report while Treasury yields increased sharply in a trading session that will end early ahead of the Independence Day holiday Friday in the U.S.
This is a Guest Post from our friends over at WLTReport.
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