#NFPWatch
✍️ U.S. Non-Farm Payrolls (NFP) for June 2025 is due today (July 3) at 8:30 a.m. ET.
✍️Markets expect +110k to +120k jobs, down from May’s +139k.
✍️ADP private data showed -33k jobs, raising concerns of labor market slowdown.
✍️ Unemployment rate expected ~4.2%-4.3%; wage growth in focus.
✍️Weaker NFP → boosts Fed rate cut hopes; stronger NFP → delays rate cuts.
✍️ High market volatility expected after release, especially in USD, bonds, gold, and equities.