by Patrick Glynn 
The Bureau of Labor Statistics on Thursday reported the U.S. economy added 147,000 jobs in June, a similar number to May’s revised number of 144,000 jobs. Unemployment also ticked down from 4.2% to 4.1%.
The report comes a day after a starkly different report from ADP, the private payroll provider, which reported the private sector lost 33,000 jobs in June. Initial projections had gains of 100,000 jobs.
June’s employment report showed gains in the follow industries:
- Government (+73,000)
- Healthcare (+39,000)
- Social assistance (+19,000)
The job gains in government largely came from education and local government, while federal government employment continues to trend downward. In the private sector, nearly 80% of the job gains came from healthcare and social assistance, while hiring in the professional services sector declined by 7,000 jobs.
Other Economic Data From June 2025
In addition to the employment report, other economic data reported over the last month includes:
- Wages rose 0.2% in June and 3.7% year-over-year.
- The two primary inflation measures—the Personal Consumption Expenditures and the Consumer Price Index—both moderately rose year-over-year in May. PCE rose 2.3%, and CPI rose 2.4%.
- After the latest economic data came out Thursday morning, markets trended toward believing the Federal Reserve would not cut interest rates in July. Before the data, markets placed the odds at around 25%.
- Three interest rate cuts are expected by the end of the year based on current trends, though Powell stresses the economic data will inform the decisions of the Fed. After July, the Fed meets three more times across the rest of the year.
- Continuing jobless claims (1.96 million) remain at their highest rate since November 2021.
- Job gains from April and May were revised upward by a total of 16,000 jobs.
Hiring has remained steady in 2025, not deviating far in any month from the 130,000 average job gains over the first six months of the year.
by Alexandra Woodford 
