Job Gains Up, But Private Hiring Slows

June’s jobs report is a mixed bag: the US added 147K jobs, but most of the action came from state and local governments, not the private sector. Private hiring hit its lowest since the hurricane season of 2023, and average work hours are down. Unemployment dipped to 4.1%, but that’s partly because fewer people are looking for work—thanks to stricter immigration rules and retiring boomers. Wage growth is cooling off, and the Fed’s not budging on interest rates just yet. Is this the calm before the storm? #JobCareer #Job #JobsReport