US Nonfarm Payrolls Beat Forecasts

2025-07-03 12:35 By Joana Taborda 1 min. read

US nonfarm payrolls rose by 147K in June 2025, following an upwardly revised 144K in May and well above forecasts of 110K.

The reading was also in line with the average monthly gain of 146K over the prior 12 months.

Government employment rose by 73K, namely state government (47K), largely in education (40K).

Employment in local government education continued to trend up (23K).

On the other hand, job losses continued in federal government (-7K), where employment is down by 69K since reaching a recent peak in January.

Also, health care added 39K jobs, similar to the average monthly gain of 43K over the prior 12 months, led by hospitals (16K) and nursing and residential care facilities (14K).

Employment also increased in social assistance (19K).

The June report continues to underscore a fundamentally resilient labor market, but a slowdown could happen soon as uncertainty surrounding tariffs, trade, and immigration policies may lead many employers to adopt a more cautious hiring stance.



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