#NFPWatch The June 2025 employment report was positively surprising:

The unemployment rate fell to 4.1%, while the labor force participation slightly decreased to 62.3%.

Additionally, annual wage growth slowed to 3.7%, compared to the estimated 3.9%.

These indicators present a solid labor economy with no concerning signs of inflation. The Federal Reserve may position itself towards a less aggressive stance in future rate decisions, given the signs of moderation.