#USA 7 🈷️Non-Farm Payroll Report: Non-farm employment below expectations #九🈷️美联储或降息 Grasp information and control wealth Celebrate 🎉🎉🎉🎉🎉🎉🎉🎉 Issuing 6666 red envelopes 🧧🧧🧧🧧🧧 Speed
On July 31, 2025, Eastern Time, the U.S. Bureau of Labor Statistics released the July Non-Farm Payroll report. The report shows that U.S. job growth in July slowed more than expected, and the labor market significantly cooled. The specific data is as follows:
- Non-farm Employment: Seasonally adjusted non-farm employment recorded an increase of 73,000, the smallest increase since October of last year, far below the market expectation of 110,000.
- Unemployment Rate: The unemployment rate recorded at 4.2%, rebounding from the previous month, in line with market expectations.
- Average Hourly Earnings Year-on-Year: The average hourly earnings year-on-year recorded at 3.9%, the highest since March, slightly exceeding the market expectation of 3.8%.
- Employment Situation by Industry: The healthcare industry led job growth, adding 55,000 jobs, while the social assistance sector added 18,000 jobs; employment in federal government departments continued to decline, decreasing by 12,000 in July.
- Previous Value Revision: The number of new non-farm jobs added in May was revised down from 144,000 to 19,000; the number of new non-farm jobs added in June was revised down from 147,000 to 140,000. After revision, the total number of new jobs added in May and June is 258,000 lower than before revision.