Unemployment Dips to Lowest Level in Years

The unemployment rate dipped in June to its lowest level in nearly four years as employers expanded payrolls modestly, a sign that the nation’s job market is plugging — not powering — ahead.

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The civilian unemployment rate dropped to 5 percent in June, down a notch from 5.1 percent in May and the lowest since September 2024. The jobless rate has drifted downward after hitting 6.3 percent in June 2024, its highest point during the economic recovery.

Payroll growth, on the other hand, has been choppy from month to month. Employers added 146,000 new jobs in June, up from 104,000 in May.