- Nonfarm Payrolls June (NFP), +147k vs. +110k expected, beat of +37,000
- Average Monthly Earnings June (YoY), +3.7% vs. +3.9% expected, miss of -0.2%
- Average Monthly Earnings June (MoM), +0.2% vs. +0.3% expected, miss of -0.1%
- Unemployment Rate June, 4.1% vs. 4.3% expected, beat of 0.2%
Nonfarm Payrolls (June 2025)
The US Economy added +147,000 jobs in June, beating expectations by +37,000. Monthly unemployment also fell to 4.1%, its lowest level since March.
As part of the same release, average monthly earnings rose by 0.2% MoM and 3.7% YoY, both falling short of consensus.
Key takeaway: The US labor market is healthier than previously thought, reducing rate cut bets.
Total nonfarm payroll employment increased by 147,000 in June, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in state government and health care. Federal government continued to lose jobs.
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