US labor market adds 147,000 jobs in June while unemployment falls to 4.1%

[In It to Win It]

The June jobs report showed the US labor market remained more resilient than anticipated in the final month of the second quarter.

The US economy added 147,000 nonfarm payrolls in June, more than the 106,000 expected by economists. The unemployment rate unexpectedly fell to 4.1%. Economists had expected the unemployment rate to move higher to 4.3%.

In May, the US economy added 144,000 jobs while the unemployment held flat at 4.2%. Those figures were revised higher on Friday from a previously reported 139,000 job additions in May.

Average hourly earnings in June rose 0.2% over last month and 3.7% over the prior year. Economists expected wages to rise 0.3% over last month and 3.8% over the prior year. Meanwhile the labor force participation rate fell to 62.3% from 62.4% the month prior.

https://finance.yahoo.com/news/us-labor-market-adds-147000-jobs-in-june-while-unemployment-falls-to-41-192105531.html

[spanone]

1. I think they're lying. Where are all the firings and layoffs?

[Cloudhopper]

2. Hmmm... this headline is from yesterday on CNBC website

"The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says"

[Wingus Dingus]

5. Yes, someone is lying.

[spanone]

4. Seek help.

[Phoenix61]

6. Hiring back workers they fired is a hell of a way to cook the books.

“Government employment rose by 73,000 workers in June, accounting for roughly half of the month's gains.”

[Dave says]

10. Wow, that's right. Books are cooked

[Historic NY]

7. Cooking the books.

[Norbert]

8. ADP has DEI initiatives

Look for Mango Mussolini and Herr Miller to be making a call with a 'request'. The ADP and BLS reports aren't even close.

[Dave says]

11. Have we ever seen them so widely apart?

[allegorical oracle]

9. These earliest reports are often corrected later. It's hard to trust anything that

comes out of this WH. It's all about spinning the facts and numbers.

[LymphocyteLover]

12. Meidas Touch dug into this yesterday and said the govt claims 100,000 new teaching jobs

at public schools... in June, when school is out. Makes no sense.

Numbers are undoubtedly cooked to give good headlines for the holiday weekend.