Employers added 147,000 jobs in June as U.S. labor market continues to defy expectations

Despite slowing economic growth, employers in the United States added 147,000 jobs in June, showcasing the resilience of the labor market.

The Latest Job Numbers

In a surprising turn of events, job growth in June exceeded expectations. Payroll gains surpassed the 115,000 mark predicted by economists surveyed by FactSet, a financial data firm.

The unemployment rate also saw a positive shift, dropping to 4.1% from 4.2% in May. This marks the lowest rate since February and came in below the projected 4.3% by economists, as reported by FactSet.