US economy adds 147,000 jobs in June, surpassing expectations amid Trump trade war | US unemployment and employment data
The US economy added 147,000 jobs in June, which is a sign of power in the labor market in the midst of Donald Trump’s trade war.
The number of added jobs exceeded expectations because economists expected a decrease in openings to a large extent. Instead, according to the new business figures from the Bureau of Statistics (BLS), 8,000 jobs were added in May in May. The unemployment rate fell from 4.2% in May and fell to 4.1%.
Business gains have been seen in the state government and health services that have increased 47,000 and 39,000 business respectively. Meanwhile, federal government losses continued, 7,000 more roles in May. The total loss of work in the federal government has been 69,000 since January.
Although the tariffs of the president shook the US stock market that sees a dramatic recoil after 15% in spring, the economists are worried that the labor market is slower to show sensitivity to tariffs.
New data showed that employers showed signs of hesitation. Bordro Company ADP, the private sector 33,000 lost jobs In June, it is far below the expected 100,000 increase and the first decline since March 2023.
The decline in business opening does not mean that companies have left more workers; On the contrary, they create less new positions.
Adp, Adp’s chief economist, said, Richardson said, although the layoffs continue to be rare, the reluctance of hesitation to hire and reluctant to replace the separated workers led to work losses last month, ”he said.
Data from BLS Measuring business opening and turnover In the labor market, while business opening climbed in May, the majority of openings have been concentrated in the leisure and hospitality industry until the highest level since November. Economists from Citigroup said that as they open new positions in response to Trump’s pressure on immigrants, the increase in new jobs may be temporary and that immigrant employees may lose their job permits.
Despite the concern of both consumers and businesses on the impact of tariffs on prices, the White House spent the last few months by spent the impact of tariffs on the internal economy as insignificant.
Since the White House tries to make agreements with dozens of countries that may face high tariffs, in some of Trump’s highest tariffs, the 90 -day pause is planned to end next week.
On Tuesday, the White House announced an agreement with Vietnam, which is planned to be planned to face a 46% tariff. The country has accepted a 20% tariff rate without placing any tariffs in US exports. The agreement with Vietnam follows Trump’s agreements with England and China, but there are dozens of other countries that may face high tariffs from the agreement.
In the midst of economic uncertainty, Trump tried to accuse Federal Reserve and President Jerome Powell. On Monday, Trump sent a clear letter to Powell, demanding the Fed’s low interest rates.
Tr Trump costs us for a fortune because it raises the rate, Tr Trump wrote on social media on social media.
Powell said Fed did not reduce interest rates due to the economic uncertainty caused by Trump’s tariffs.
“Actually, we continued to wait when we saw the size of the tariffs, Pow Powell said. “Essentially, all inflation forecasts for the US rose financially as a result of tariffs.”
