American companies slow down hiring amid economic uncertainty

Business Jul 04, 2025

June brought 147,000 new jobs to the US, but almost half came from government roles.
Private companies only added 74,000 jobs—the slowest pace since late 2022.
High interest rates and tighter immigration rules are making businesses cautious about hiring.

More than half of private industries actually cut jobs

Healthcare, construction, and leisure were bright spots with 94,000 new positions combined.
But more than half of private industries actually cut jobs—something we haven't seen since early pandemic days.
Manufacturing and wholesale trade lost about 20,000 jobs, while companies like Microsoft and Procter & Gamble announced layoffs.
With AI on the rise and trade uncertainties looming, landing a job is feeling tougher for everyone right now.