June 2025 Jobs Report: Strong Job Growth and Low Unemployment Rate
In June 2025, job growth exceeded expectations, leading to a decrease in the unemployment rate to 4.1%. The labor market showed resilience, with nonfarm payrolls increasing by 147,000. Average hourly earnings rose slightly, indicating minimal wage-related inflation pressure.
Job growth in June exceeded expectations, with nonfarm payrolls increasing by 147,000, higher than the estimated 110,000. The unemployment rate dropped to 4.1%, the lowest since February. The labor force participation rate fell to 62.3%, the lowest since late 2022. Stock market futures remained positive, and Treasury yields rose sharply following the report.
Along with the job gains, average hourly earnings increased by 0.2% for the month and 3.7% from a year ago. Government employment saw a significant increase of 73,000, with gains in state and local hiring. Federal government jobs decreased by 7,000 due to cuts. Health care added 39,000 jobs, and social assistance contributed 19,000.
According to the source: CNBC.
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