<ul data-eligibleForWebStory="false">US job growth exceeded expectations in June, with payrolls increasing by 147,000, driven by state and local government employment.The unemployment rate fell to 4.1%, showcasing a strong labor market amid a slowing economy.Private payrolls rose by 74,000 in June, the least since October, largely driven by the healthcare sector.The Federal Reserve may consider lowering interest rates based on the jobs data, as businesses navigate economic uncertainty and tariff impacts.