June 2025 Jobs Report: A Steady Labor Market with Shifting Momentum in the Private Sector

The U.S. labor market continues to show resilience as we enter the second half of 2025, though signs of softening are emerging—particularly in private-sector hiring and the pace of new job creation.

According to the June Employment Situation report, employers added 147,000 jobs, closely aligned with the 12-month average. Government hiring—especially in state and local education—accounted for nearly half of those gains. Meanwhile, private-sector job growth slowed to just 74,000, its weakest showing since October 2024.

Within the Professional and Business Services sector, which includes core roles in accounting, finance, consulting, and other corporate support services, growth remained modest but steady. While we aren’t seeing the aggressive hiring surges of recent years, there’s still meaningful demand for skilled professionals—particularly those who can hit the ground running and deliver immediate value.

The unemployment rate dipped slightly to 4.1%, aided by a modest decline in labor force participation. Average hourly earnings rose by 0.2% in June and 3.7% year-over-year, indicating that wage pressures are softening but still moving in a positive direction. The average workweek shortened slightly to 34.2 hours, another signal of moderation.

From the JOLTs report for May, job openings held steady at 7.8 million, highlighting that demand for talent remains elevated. However, total hires fell by over 100,000 from April, and planned hiring slowed significantly—suggesting companies are becoming more selective and measured in their staffing strategies.

What We’re Seeing in Contract vs. Perm Hiring

At Taylor White, we’re observing a continued shift in hiring preferences toward contract and project-based roles—particularly in accounting and finance. As employers navigate budget constraints and uncertain forecasts, contract hiring offers flexibility and speed, allowing teams to address immediate needs without long-term commitments.

Meanwhile, permanent roles are still being filled, but often with more caution. Companies are extending interview timelines, increasing their emphasis on cultural fit, and seeking candidates with broader skill sets who can wear multiple hats. As a result, highly qualified professionals are still in demand—but job searches may require more patience and precision.

What This Means for Job Seekers and Employers

For professionals in accounting and finance, the current environment remains favorable—though navigating it successfully may require a strategic approach. Flexibility is key. Those open to contract roles may find faster placement, resume-building experience, and the potential for long-term opportunities down the road.

For employers, the data is clear: the talent market remains competitive, and delays in hiring can mean losing out on top candidates. While selectivity is important, speed and clarity in the hiring process are becoming increasingly critical—especially in a landscape where skilled professionals are exploring multiple opportunities at once.

Whether you’re hiring—or ready for your next opportunity—Taylor White is here to help.

With deep expertise in contract and permanent placements across the professional and business services sector, we help companies and candidates navigate the evolving labor market with confidence.

📩 Connect with our team today to start a conversation about your hiring needs or career goals.