Monthly Jobs Report

[tsptalk]

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

Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000 and just above the upwardly revised 144,000 in May.

Market pricing shifted strongly following the payrolls report, with traders all but taking the chance of a July rate cut off the table.

Government employment posted a large gain, leading all categories with an increase of 73,000 due to solid boosts in state and local hiring.

https://www.cnbc.com/2025/07/03/jobs-report-june-2025.html

More numbers from briefing.com:

Nonfarm Payrolls For: Jun
Actual: 147K
B.com Forecast: 127K
B.com Cons: 120K
Prior: 144K
Revised From: 139K

Unemployment Rate For: Jun
Actual: 4.1%
B.com Forecast: 4.3%
B.com Cons: 4.2%
Prior: 4.2%

 

[tsptalk]

Also, we finally got positive revisions.

May nonfarm payrolls revised to 144,000 from 139,000. April nonfarm payrolls revised to 158,000 from 147,000.

However, the unemployment rate likey declined because the participation rate declined. Meaning, they fell off the books so they are no longer counted as unemployed.

This report all but guarantees no rate cut by the Fed at the July FOMC meet.