U.S. Adds 115,000 Jobs in June as Unemployment Holds at 4.3%
Updated
Updated · POLITICO · Jul 2
U.S. Adds 115,000 Jobs in June as Unemployment Holds at 4.3%
3 articles · Updated · POLITICO · Jul 2
Summary
115,000 jobs were added in June, matching expectations and extending a three-month rebound that has eased fears of a labor-market slump.
4.3% unemployment still has not translated into stronger public confidence, with consumers increasingly saying jobs are hard to find and quits hovering near their lowest level since mid-2020.
Wage growth has kept slowing, and paychecks have lagged inflation over the past year as higher fuel and energy costs — along with Trump tariffs — eroded spending power.
That squeeze has pushed households to save less and left more credit-card borrowers seriously delinquent, blunting the political benefit of solid payroll growth for President Donald Trump.