average monthly gain 12 months previous = 146k

UE at 4.1%, down from 4.2%

eta: if you were looking for a Fed rate cut this month, it's out the window imo

Quote:

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Total nonfarm payroll employment increased by 147,000 in June, and the unemployment rate
changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains
occurred in state government and health care. Federal government continued to lose jobs.

---

https://www.bls.gov/news.release/empsit.nr0.htm

Unemployment fell from 4.2% to 4.1%

This was a very hot jobs report with yields soaring now.

While Trump will applaud the numbers, it gives Powell more of a reason to not cut rates.

This was the last jobs report before the July Fed meeting.

Follow us @KobeissiLetter for real time analysis as this develops.

— The Kobeissi Letter (@KobeissiLetter) July 3, 2025

…..and…..the biggest increase?…..government jobs. At least that's what CNBC says…..

ShotOver said:

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…..and…..the biggest increase?…..government jobs. At least that's what CNBC says…..

---

Fake news?

Breaking News
June Jobs 147,000
Private 74,000
Government 73,000 (state and local)
Highlighs
Construction 15,000
Transportation & Warehousing 7,500

Red flags
Slower private sector growth.
Labor force -130,000.

Solid report - initial reaction in bond yields is excessive.

— Charles V Payne (@cvpayne) July 3, 2025

will25u said:

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ShotOver said:

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…..and…..the biggest increase?…..government jobs. At least that's what CNBC says…..

---

Fake news?

---

State gov added the most jobs at 47k jobs. Healthcare was 2nd at 39k.

https://www.bls.gov/news.release/empsit.t17.htm

We'll see AI impact on private sector jobs before pub sec, IMHO.

It's state government. E.g. New York, CA, and Illinois

ShotOver said:

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…..and…..the biggest increase?…..government jobs. At least that's what CNBC says…..

---

gotta hire folks to fire folks, then take their place.

Where ai can do some serious replacement is the government. Could replace millions.

Why can't AI replace the IRS?

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

Largest ever month over month increase in government jobs (all state and local). Interesting dynamic.

BoydCrowder13 said:

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Largest ever month over month increase in government jobs (all state and local). Interesting dynamic.

---

These folks gotta land somewhere.

Wait....I thought we lost 37,000 jobs. What is this witchcraft?

Quote:

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Wokeness @EndWokeness

Most important data from June:
830k new jobs for native-born
348K jobs lost for foreign-born
437k gain of new full-time jobs
367k loss of old part-time jobs

Major reversal of the Biden era

---

🚨 LMAO! Experts IN SHAMBLES over today's job's report, CNN is shocked

"147K jobs! Well ahead of expectations! ... we were expecting a slowdown, we did not get that!"

“Every single time we expect it to run out of steam, it just keeps going and going!"pic.twitter.com/5mGSeTA5kx

— Eric Daugherty (@EricLDaugh) July 3, 2025

CNN’s Berman pained to tell his audience: Predictions of job losses, inflation due to tariff policy have been wrong:

“That doom just hasn’t happened yet." pic.twitter.com/tmyXFRRmY2

— Western Lensman (@WesternLensman) July 3, 2025

LMCane said:

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I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

False. Stop spreading misinformation.

captkirk said:

---

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

False

---

True

https://www.bls.gov/news.release/empsit.t17.htm

Logos Stick said:

---

captkirk said:

---

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

False

---

True

https://www.bls.gov/news.release/empsit.t17.htm

---

False

Quote:

---

Private employers were responsible for 74,000 of the new positions, while the public sector contributed another 73,000. Within the federal workforce, employment shrank by 7,000--underscoring the Trump administration's stated effort to rein in government bloat.

---

https://mxmnews.com/article/9f970164-be5c-47c9-9c76-0deb509d6019?booming-trump-economy-beats-job-forecasts-for-fourth-straight-month

Rate cut radar says September

captkirk said:

---

Logos Stick said:

---

captkirk said:

---

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

False

---

True

https://www.bls.gov/news.release/empsit.t17.htm

---

False

Quote:

---

Private employers were responsible for 74,000 of the new positions, while the public sector contributed another 73,000. Within the federal workforce, employment shrank by 7,000--underscoring the Trump administration's stated effort to rein in government bloat.

---

https://mxmnews.com/article/9f970164-be5c-47c9-9c76-0deb509d6019?booming-trump-economy-beats-job-forecasts-for-fourth-straight-month

---

LoL, I posted the BLS link to the actual numbers. I posted the original source and you come back with some news article.

State government jobs are at the top.

Can you do simple artithmetic and data comparison? Open the table and look at the numbers. Most of the jobs created were state government jobs! Stop posting your misinformation bull*****

State gov added the most jobs at 47k jobs.

Logos Stick said:

---

captkirk said:

---

Logos Stick said:

---

captkirk said:

---

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

False

---

True

https://www.bls.gov/news.release/empsit.t17.htm

---

False

Quote:

---

Private employers were responsible for 74,000 of the new positions, while the public sector contributed another 73,000. Within the federal workforce, employment shrank by 7,000--underscoring the Trump administration's stated effort to rein in government bloat.

---

https://mxmnews.com/article/9f970164-be5c-47c9-9c76-0deb509d6019?booming-trump-economy-beats-job-forecasts-for-fourth-straight-month

---

LoL, I posted the BLS link to the actual numbers. I posted the original source and you come back with some news article.

State government jobs are at the top.

Can you do simple artithmetic and data comparison? Open the table and look at the numbers. Most of the jobs created were state government jobs! Stop posting your misinformation bull*****

State gov added the most jobs at 47k jobs.

---

You must be looking at a different chart than the one you linked. Government jobs are at the bottom, and it isn't "most" of the jobs created in June. Its roughly half, which agrees to what I posted

captkirk said:

---

Logos Stick said:

---

captkirk said:

---

Logos Stick said:

---

captkirk said:

---

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

False

---

True

https://www.bls.gov/news.release/empsit.t17.htm

---

False

Quote:

---

Private employers were responsible for 74,000 of the new positions, while the public sector contributed another 73,000. Within the federal workforce, employment shrank by 7,000--underscoring the Trump administration's stated effort to rein in government bloat.

---

https://mxmnews.com/article/9f970164-be5c-47c9-9c76-0deb509d6019?booming-trump-economy-beats-job-forecasts-for-fourth-straight-month

---

LoL, I posted the BLS link to the actual numbers. I posted the original source and you come back with some news article.

State government jobs are at the top.

Can you do simple artithmetic and data comparison? Open the table and look at the numbers. Most of the jobs created were state government jobs! Stop posting your misinformation bull*****

State gov added the most jobs at 47k jobs.

---

You must be looking at a different chart than the one you linked. Government jobs are at the bottom, and it isn't "most" of the jobs created in June. Its roughly half, which agrees to what I posted

---

State government jobs - 47k

Please find another category that is more than that.

Are you going to use the aggregate of private jobs? That is not a valid comparison.

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

32% is not most, state jobs are the highest percentage class in the report but you referenced "the report" which is a total of 147k. So your post is factually incorrect.

rab79 said:

---

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

32% is not most, state jobs are the highest percentage class in the report but you referenced "the report" which is a total of 147k. So your post is factually incorrect.

---

My post is absolutely correct for anyone who can do simple numbers comparison.

Show me a number greater than 47k.

100k!

The report = 147k, state jobs = 47k.

Logos Stick said:

---

Show me a number greater than 47k.

---

47, 001

What do I win?

rab79 said:

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100k!

The report = 147k, state jobs = 47k.

---

Ok, I see your problem. "Most" doesn't mean "majority". It is absolutely correct to say "most", it is not correct to say "majority". HTH, but I doubt iit

Tea Party said:

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will25u said:

---

ShotOver said:

---

…..and…..the biggest increase?…..government jobs. At least that's what CNBC says…..

---

Fake news?

Breaking News
June Jobs 147,000
Private 74,000
Government 73,000 (state and local)
Highlighs
Construction 15,000
Transportation & Warehousing 7,500

Red flags
Slower private sector growth.
Labor force -130,000.

Solid report - initial reaction in bond yields is excessive.

— Charles V Payne (@cvpayne) July 3, 2025

---

1 government job created for each private job created.

That is unsustainable.

---

Yeah this bothers me- we need to be slashing our over reached government not growing it

Logos Stick said:

---

rab79 said:

---

Logos Stick said:

---

LMCane said:

---

I am old enough to remember when the OP was complaining about job losses...

that was YESTERDAY.

---

Most of the jobs in this report are state government jobs.

---

32% is not most, state jobs are the highest percentage class in the report but you referenced "the report" which is a total of 147k. So your post is factually incorrect.

---

My post is absolutely correct for anyone who can do simple numbers comparison.

Show me a number greater than 47k.

---

You're arguing over semantics. Point is Federal government jobs shrank and private company jobs in total grew by more than government jobs in total. Your use of "most" is both atypical and even inaccurate in the way you're using it as health and education as a subcategory went up by 51 vs your state gov 47.

Keller6Ag91 said:

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We'll see AI impact on private sector jobs before pub sec, IMHO.

---

No, that's pretty much how it will happen.

I've got friends, also in leadership, in two different state agencies (one here in Texas and the other in Florida), and they are seeing their agencies grow in the next few years, in spite of the threat of AI.

AI will eventually replace many jobs in the public sector, but only when politicians want to be responsible for job losses. I wouldn't hold my breath on seeing that happen anytime in the near future.