FX.co ★ US Nonfarm Payrolls Beat Forecasts

In June 2025, the US saw an increase in nonfarm payrolls by 147,000, a notable rise from the revised figure of 144,000 in May and surpassing predictions of 110,000. This figure aligns closely with the 12-month average monthly gain of 146,000. Government employment experienced a rise of 73,000, predominantly due to state government jobs increasing by 47,000, especially in the education sector, which contributed 40,000 positions. Employment in local government education also showed an upward trend with an addition of 23,000 jobs. Conversely, the federal government saw job declines, losing 7,000 positions, contributing to a total decrease of 69,000 since reaching a peak in January. Health care contributed 39,000 new jobs, paralleling its average monthly growth of 43,000 over the previous year, led by hospitals with 16,000 new jobs and nursing and residential care facilities with 14,000. Additionally, social assistance employment saw an increase of 19,000 jobs. This June report highlights the continued strength of the labor market, despite potential future deceleration as uncertainties related to tariffs, trade, and immigration policies may cause employers to be more cautious in their hiring strategies.