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"We got a decent monthly job report today. We created 147K jobs, the government lost more jobs, unemployment is still good at 4.1%."
Non-farm payrolls increased by 147,000 in June which was higher than the estimate of 110,000. Government employment (state and local) led all categories with an increase of 73,000. Private payrolls had the smallest gain in eight months—74,000. Also, labor force participation fell to its lowest rate since December 2022—62.3%. People who have dropped out of the labor force are not represented in unemployment rate statistics.
Comments
We created 147K jobs, the government lost more jobs, unemployment is still good at 4.1%."
Non-farm payrolls increased by 147,000 in June which was higher than the estimate of 110,000.
Government employment (state and local) led all categories with an increase of 73,000.
Private payrolls had the smallest gain in eight months—74,000.
Also, labor force participation fell to its lowest rate since December 2022—62.3%.
People who have dropped out of the labor force are not represented in unemployment rate statistics.