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Economy
BLS report for June: Solid but not super
2025-07-04
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.
Some details which might interest Rantburgers:

State & Local Govt employment up: 47k and 40k, mostly in education.
Fed Govt employment down 7k (down about 70k since January 2024)
Wage growth keeping up with inflation.
Some gain in full time employment vs loss in part time employment.
Some gain in employment of native born vs loss in employment of foreign born.
Next annual Readjustment based on unemployment insurance records will be in Sept 2025
Courtesy of Skidmark, Breitbart quantifies:
The number of American-born workers employed rose by 830,000 in June, the Department of Labor said Thursday. The number of American-born workers with jobs is now at the highest level ever, exceeding the prepandemic high hit in October 2019. The labor force participation rate rose from 61.4 to 61.8 percent.

The number of foreign-born workers, on the other hand, fell sharply. The Department of Labor said that the number of foreign-born workers employed in June declined by 348,000. This was the third consecutive month of declining employment of foreign-born workers.

Compared with the start of the year, foreign-born employment is down by over half a million workers and American-born employment is up by over two million.

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Posted by:Lord Garth

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