#NFPWatch
The June 2025 employment report surprised positively: 147,000 jobs were created, far exceeding the forecast of 110,000, and the previous months were revised upward.
The unemployment rate dropped to 4.1%, while labor force participation fell slightly to 62.3%.
Additionally, annual wage growth slowed to 3.7%, compared to the estimated 3.9%.
These indicators present a strong labor economy with no concerning signs of inflation. The Federal Reserve may position itself toward a less aggressive line in future rate decisions, given the signs of moderation.