TechFlow, July 3 — According to Jinshi Data, the U.S. added 147,000 nonfarm jobs in June, an unexpected increase that surpasses both May's 144,000 new positions and the widely forecasted 110,000 by economists, indicating that the U.S. labor market has successfully withstood uncertainties arising from the Trump administration's trade and immigration policies. This surprisingly strong data will ease pressure on the Federal Reserve to cut interest rates, despite President Trump's repeated public calls for such action. Fed Chair Powell stated this week that a rate cut in July remains "on the table," seemingly shifting from his previous stance of "holding rates steady until fall."
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