Jobs Report Delivers Some Surprises

July 3, 2025 5:05 am

WASHINGTON (AP) — The U.S. job market delivered another upside surprise last month, churning out a better-than-expected 147,000 jobs. The unemployment rate ticked down unexpectedly, too. But the headline numbers masked some weaknesses as the U.S. economy contends with fallout from President Donald Trump’s economic policies, especially his sweeping import taxes and the erratic way he rolls them out.