The US economy added 147,000 jobs in June, according to the latest report from the Bureau of Labor Statistics.
The unemployment rate was little-changed at 4.1% in June from 4.2% in May. The BLS noted that the rate has remained in a narrow range of 4.0%-4.2% since May 2024.
Nonfarm payroll employment had been forecast to show an increase of 115,000, down from an increase of 139,000 initially reported in May, according to FactSet. That May gain has since been revised up to 144,000. Meanwhile, the unemployment rate had been forecast to edge up to 4.3% from 4.2%.
June Jobs Report Key Stats
- Total nonfarm payrolls rose by 147,000 after rising by 144,000 in May.
- The unemployment rate moved little, to 4.1% in June from 4.2% in May.
In June, average hourly wages rose by 8 cents, or 0.2%, to $36.30.
The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hours to 34.2 hours in June. For manufacturing employees, the average workweek was unchanged at 40.1 hours in June, and overtime was unchanged at 2.9 hours.