๐จ US Jobs Data Smashes Expectations!
The latest US Nonfarm Payrolls (NFP) report for June 2025 is out!
๐ฅ The US economy added 147,000 new jobs, blowing past forecasts of 110,000. Unemployment dropped to 4.1% (vs. expected 4.3%), signaling robust economic growth.๐ช
However, hourly earnings rose by just 0.2% monthly, slightly below the 0.3% expected.
๐ฅ Markets are reacting!
- The S&P 500 and Nasdaq hit all-time highs, up 0.8% and 1%, respectively, as investors cheer the strong data.
- Gold prices dipped due to reduced hopes for a Fed rate cut (now at just 4.7% probability for July, per CME FedWatch).
- Meanwhile, Bitcoin and crypto markets are holding strong, riding the wave of positive economic sentiment ๐
This sparks heated debates about the Fedโs next moves. Will they hold rates steady? ๐ค
