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by Worthy News Washington D.C. Bureau Staff
(Worthy News) – The U.S. economy added 147,000 jobs in June, beating forecasts of 115,000, while the unemployment rate edged down to 4.1%, according to Labor Department data released July 3. Economists had expected a rise to 4.3%.
Most job gains came from state and local government, especially education. Private-sector hiring slowed significantly, adding just 74,000 jobs—its weakest showing since October 2024. Manufacturing jobs declined for the second straight month, and federal jobs fell by 7,000.
Average hourly earnings rose 0.2% in June, below expectations, while labor force participation slipped to 62.3%. Long-term unemployment surged by 190,000, and more Americans are working multiple jobs, now totaling 8.87 million.
Immigration enforcement may be dampening workforce participation. The share of foreign-born workers in the labor force dropped to 66.3%, down from 67.3% last year. Economists warn the U.S. may need fewer new jobs to maintain low unemployment due to declining immigration.
Markets reacted positively. Stocks rose slightly, Treasury yields climbed, and the dollar strengthened. The strong report reduced expectations for a July Fed rate cut, with most bets now shifting to September.
Despite strong headline numbers, analysts warn job growth is narrowing and uncertainty over trade and Fed policy looms large.
Copyright 1999-2026 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
Investigations continued Friday after a suspected Islamist gunman opened fire in a classroom at Old Dominion University in the U.S. state of Virginia on Thursday, killing a Reserve Officers’ Training Corps (ROTC) instructor and wounding two others before he was subdued by students and died, officials said.
All six crew members aboard a U.S. refueling aircraft have died after the plane crashed over western Iraq, the U.S. military confirmed Friday, as fighting between the United States, Israel, and Iran continued to intensify.
U.S. Defense Secretary Pete Hegseth said Friday that Iran’s newly installed supreme leader is likely wounded, disfigured, and hiding underground as the Islamic Republic reels from the opening blows of the war with the United States and Israel.
Bible sales in Britain have surged to their highest levels since records began, reflecting a growing spiritual interest across the nation—particularly among younger generations.
A damaged Russian gas tanker is drifting unmanned through the Mediterranean Sea, prompting Malta to prepare emergency measures while tensions linked to the war in Ukraine spill into Europe’s energy and security landscape.
Iran launched a new wave of drone and missile attacks on Gulf countries Thursday, the 13th day of the United States-Israel war against Tehran, with strikes reported in Bahrain and other states, sending oil prices sharply higher and raising concerns among foreign workers, including Christians.
Nearly 25,000 Christians, many of them impoverished sanitation workers and day laborers, face possible eviction from their homes in Pakistan’s capital after authorities ordered them to vacate two settlements within days, Christians familiar with the situation confirmed Thursday.
The Psalms, hymns, and spiritual songs encapsulate the beauty, wisdom, and eternal truths found in the Bible, creating an immersive experience that resonates with believers and seekers alike.
Copyright The New Jerusalem Media.