In June 2025, the U.S. economy added 147,000 jobs, exceeding expectations and driving stock market gains. The S&P 500 rose 0.5%, the Dow Jones Industrial Average climbed 275 points (0.6%), and the Nasdaq added 0.5%. This positive trend signals a strengthening labor market. (Source: AP News, Reuters)
The unemployment rate fell to 4.1%, the lowest since February 2025. Wage growth cooled, with average hourly earnings up 0.2% month-over-month and 3.7% year-over-year. Canada's decision to drop a tax on U.S. tech firms and resume trade talks also boosted the market. (Source: AP News, Reuters)
The Federal Reserve may delay interest rate cuts due to the strong jobs report. However, the number of people receiving unemployment benefits surged to a 3.5-year high, and consumer perceptions of job availability declined. The June jobs report indicates a positive economic outlook for the remainder of 2025. (Source: AP News, Reuters)