Economic Research Center

Economy

Here's where the jobs are for June 2025 — government sector leads the way

State and local government job growth boosted the U.S. labor market in June.

U.S. payrolls increased by 147,000 in June, more than expected

Nonfarm payrolls were expected to increase 110,000 in June. The unemployment rate was forecast to rise to 4.3%.

With June jobs report looming, DOGE government layoffs could start becoming a factor

A gradual pullback in hiring and job openings has come as hundreds of thousands of federal workers are out looking for employment.

The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says

Economists polled by Dow Jones forecast an increase of 100,000 for the month.

Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

Fed Governor Bowman favors July interest rate cut if inflation stays low

Bowman is the second central banker in recent days to suggest tariffs are likely to have a temporary and muted impact on prices.

The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect

While any movement on interest rates seems improbable, the meeting will feature important signals that still could move markets.

Retail sales fell 0.9% in May, worse than expected, as consumers pulled back

Consumer spending pulled back sharply, weighed by declining gas sales and looming unease over where the economy is headed.

Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock

The University of Michigan's closely watched Surveys of Consumers showed across-the-board rebounds from previously dour readings.

Here are the three reasons why tariffs have yet to drive inflation higher

President Donald Trump's tariffs have yet to show up in any of the traditional data points measuring inflation.