The U.S. added 147,000 jobs and the unemployment rate held steady at 4.1 percent in June, according to data released Thursday by the Labor Department.
The federal jobs report showed the labor market chugging ahead last month, beating the expectations of economists. Analysts expected the U.S. to have added roughly 100,000 jobs in June and push the jobless rate up to 4.3 percent, according to consensus projections.
The U.S. economy has held sturdy amid shocks from President Trump’s sweeping tariffs, which have drastically raised American import tax rates and uncertainty about the future of trade.
While the president has soothed some of those concerns by delaying and reducing import taxes he proposed in April, the White House is quickly approaching a self-imposed July 9 deadline to make deals with countries subject to the new tariffs.
Trump has said he would be just as happy to impose steep tariffs on trading partners again, which could reignite economic concerns.
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