The S&P 500 and Nasdaq notched fresh record highs on Thursday.
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Dow approaches new record and S&P hits all-time high after stronger-than-expected jobs data
The June jobs report presents a picture of a robust economy, but a look under the hood reveals some concerning signs.
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The hidden bad news in the June jobs report
Businesses highly uncertain about the direction of the economy in the wake of massive (and changing) tariffs proposed by President Donald Trump have held off on hiring, causing once-solid job gains to slow. Other policies, including federal workforce cuts, have turned public servants into jobseekers such as those seen here waiting to enter a job fair hosted by the Cook County government to support federal workers in Chicago on June 26, 2025.
Jamie Kelter Davis/Bloomberg/Getty Images
The US economy added a stronger-than-expected 147,000 jobs in June and the unemployment rate fell to 4.1%
Economists expect that job growth slowed in June to 115,000 jobs and that the unemployment rate rose to 4.3%.
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US private sector lost 33,000 jobs in June, missing expectations for an increase of 115,000
The number of available jobs rose to a six-month high in May.
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Job openings unexpectedly increased in May
Federal Reserve Chair Jerome Powell at the Senate Committee on Banking, Housing, and Urban Affairs on June 25 in Washington, DC.
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Powell says the Fed would have cut rates this year if it weren’t for tariffs
President Donald Trump posted a chart ranking many of the world’s central banks by the level of their key interest rates, claiming the US has one of the highest. The chart included a note in Trump's handwriting that criticized Federal Reserve Chair Jerome Powell (L) directly.
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Trump sends handwritten letter to Powell demanding ultra-low interest rates
President Donald Trump’s 90-day pause on “reciprocal” tariffs on dozens of nations expires on July 9.
Matt Rourke/AP
This could be the summer of economic hell
Canadian Prime Minister Mark Carney and US President Donald Trump arrive for a family photo during the G7 Summit at the Kananaskis Country Golf Course in Kananaskis, Alberta, Canada on June 16, 2025.
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Canada will rescind a digital services tax to restart US trade talks
Dominic Azpeitia purchased his Phoenix home for $520,000 this year. He hopes to one day turn it into a rental property.
Courtesy Dominic Azpeitia
Against the odds, Gen Z is breaking into the housing market
In an aerial view, trucks carrying shipping containers drive through the Port of Oakland.
Justin Sullivan/Getty Images
Trump’s trade deals are stalling out at the worst possible time
Consumer spending powers two-thirds of economic growth; however, President Donald Trump's sharp escalation of tariffs on imported goods has set off a trade war that economists fear could slow that engine.
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Americans reined in their spending last month
GE Appliances plans to reshore more than a dozen lines of front-load washers from China to Louisville, Kentucky, including its flagship washer-dryer combo.
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Why GE Appliances will make more washing machines in Kentucky instead of China. It’s not what you think
Consumer spending in the first quarter of 2025 was at the weakest rate in more than four years.
Emily Elconin/Bloomberg/Getty Images
A battery of new data shows how the US economy is holding up amid Trump’s tariffs

Highlights

Exterior of the Federal National Mortgage Association, commonly known as Fannie Mae headquarters. Last month, President Trump announced his intention to take Fannie Mae and Freddie Mac public.
Andrew Harnik/Getty Images
Homebuyers could soon use crypto to help get a mortgage under new Trump admin plan
Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing in Washington, DC. on June 24.
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Jerome Powell throws cold water on a rate cut in July
A customer refuels a car at a Chevron gas station in San Francisco, California, US, on Thursday, May 22, 2025.
David Paul Morris/Bloomberg/Getty Images
High tariffs give Trump less room for error in Iran
Buy Now, Pay Later installment loans are an increasingly popular way for Americans to buy clothes, flights, concerts and even groceries. However, these financing offerings aren't fully reported to credit agencies, lenders and the government data-crunchers.
Scott Olson/Getty Images
Buy Now, Pay Later loans will factor in to Americans’ credit scores

More from Economy

Michelle Bowman during a Psaros Center for Financial Markets and Policy event at Georgetown University in Washington, DC, on June 6.
Graeme Sloan/Bloomberg/Getty Images
Fed officials are starting to break rank and join Trump
Trump insults Powell again as another top Fed official joins the call to lower interest rates
Trump says America has ‘too many’ national holidays and they’re hurting the economy. Is he right?
Trump calls for the equivalent of 10 Fed rate cuts
Oil is at risk of getting more expensive due to the conflict between Israel and Iran.
Joe Raedle/Getty Images
America’s economy could face a war shock
Trump made trade his biggest issue. Now he’s running out of time
Takeaways from the Fed’s decision to keep rates on hold as officials watch Trump’s tariffs and Israel-Iran conflict
How to benefit from the Fed’s latest decision

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