The U.S. Labour Department's June jobs report, to be released on Thursday, is expected to show a continued slowdown in hiring, with an estimated 117,500 jobs added, down from May's 139,000. The unemployment rate is projected to tick up to 4.3%. This deceleration is attributed to factors like President Trump’s trade wars, a federal hiring freeze, immigration crackdown, and the Federal Reserve's interest rate hikes.
Closely watched U.S. jobs report likely to show hiring slowed in June
BusinessWorld
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TL;DR: Key points with love ❤️The U.S. Labour Department's June jobs report, to be released on Thursday, is expected to show a continued slowdown in hiring, with an estimated 117,500 jobs added, down from May's 139,000. The unemployment rate is projected to tick up to 4.3%. This deceleration is attributed to factors like President Trump’s trade wars, a federal hiring freeze, immigration crackdown, and the Federal Reserve's interest rate hikes.
Trending- 1 October 2021: Unemployment rate was 4.3%.
- 2 2021-2023: Economy bounced back strongly from COVID-19 lockdowns, averaging 400,000 jobs/month.
- 3 2022 and 2023: Federal Reserve raised its benchmark interest rate 11 times.
- 4 2024: Average 168,000 jobs/month.
- 5 May (2025): 139,000 jobs added; U.S. labor force fell by 625,000.
- 6 Wednesday (July 2, 2025): ADP survey and ISM manufacturing survey were released.
- 7 June (2025): Expected 117,500 jobs added, unemployment rate 4.3%.
- 8 Thursday (July 3, 2025): Labour Department to release official job numbers.
- Slower job growth in the U.S. economy.
- Potential increase in the unemployment rate.
- Economic uncertainty for businesses due to trade policies and federal actions.
What: The U.S. Labour Department's June jobs report is expected to show a slowdown in hiring, with an estimated 117,500 jobs added and the unemployment rate ticking up to 4.3%.
When: Thursday (report release), June (data period), May (previous month's data), 2021-2023 (COVID-19 recovery, high hiring), 2022 and 2023 (Fed rate hikes), 2024 (average jobs added), October 2021 (last time unemployment rate was 4.3%).
Where: United States.
Why: The slowdown is attributed to U.S. President Donald Trump’s trade wars (tariffs), a federal hiring freeze, an immigration crackdown, and the Federal Reserve's 11 interest rate hikes in 2022 and 2023.
How: The Labour Department will release the official job numbers. Forecasts from FactSet and private payroll data from ADP suggest a slowdown. Surveys from the Institute for Supply Management also indicate business reluctance due to policy uncertainty.