https://www.bls.gov/news.release/empsit.nr0.htm
Consensus forecast was for +106,000 jobs and for UR to increase to 4.2%, so actual figures surprised on the low side for jobs and met expectations for unemployment.
Revisions to previous months were larger than normal. May jobs figure was revised down by 125,000 (+144,000 to +19,000) and June jobs figure was revised down by 133,000 (+147,000 to +14,000). Total revisions to previous months' job total was -258,000.
FRED graph of monthly change (in thousands) in nonfarm payroll employment levels since Jan 2021.
FRED graph of the headline unemployment rate since Jan 2021.
FRED graph of more expansive unemployment definitions (U-3 thru U-6) since Jan 2021
Posted by JeromesNiece
2 Comments
That’s stil very strong, no?
The revisions are apocalyptic. Only +19,000 jobs in May and only +14,000 jobs in June.
https://www.bls.gov/news.release/archives/empsit_08012025.htm