Employment Situation - The U.S. Bureau of Labor Statistics reported a job gain of +147K for June, exceeding the consensus estimate of +110K and the revised +144K for May [1][2] - The Unemployment Rate decreased to 4.1%, indicating a healthy labor market [1][2] Job Revisions - Revisions for the previous two months showed an increase, with May's job gain revised from +139K to +144K and April's from +147K to +158K, totaling an additional +16K jobs over the past two months [3] Sector Analysis - The Government sector contributed +73K jobs, while the Federal Government saw a loss of -7K jobs [4] - The Healthcare sector added +39K jobs, and Social Assistance added +19K jobs, while traditional sectors like Leisure & Hospitality and Trade/Transportation/Utilities were absent from the report [5] Interest Rate Implications - The strong jobs report may reduce the likelihood of the Federal Reserve cutting interest rates in the upcoming FOMC meeting, potentially delaying cuts until September [6] Jobless Claims - Initial Jobless Claims decreased to 233K from a revised 237K, which is below the expected 240K, indicating a moderation in the labor market narrative [7] - Continuing Claims remained stable at 1.964 million, suggesting that the labor market has not yet reached a critical threshold that would indicate weakness [8] Trade Balance - The U.S. Trade Deficit for May was reported at -$71.5 billion, an improvement from the March record low of -$138 billion, with April's deficit revised to -$60.3 billion [9] Market Expectations - Analysts anticipate a rebound in Factory Orders for May and mixed results for Services PMI, with both metrics expected to remain above the growth threshold of 50 [10][11]

| | | Not seasonally adjusted | | | | | | Seasonally adjusted | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | June | Apr. | May | June | June | Apr. | May | June | Change from: May2025 - | | Industry | 2024 | 2025 | 2025(p) | 2025(p) | 2024 | 2025 | 2025(p) | 2025(p) | June2025(p) | | Total nonfarm | 158,722 | 159,227 | 159,958 | 160,475 | 157,915 | 159,433 | 159,577 | 159,724 | 147 | | Total private | 135,537 | 135,299 | 136,112 | 136,947 | 134,571 | 135,815 | 135,952 | 136,026 | 74 | ...

金融博客零对冲：非农就业人数与ADP就业人数之间的差距为18万，为三年来最高水平。 ...

Core Insights - The U.S. Bureau of Labor Statistics reported an upward revision of non-farm payroll employment for April and May, with a total increase of 16,000 jobs compared to previous estimates [1] Group 1: Employment Data - April's non-farm payroll employment was revised from 147,000 to 158,000 [1] - May's non-farm payroll employment was revised from 139,000 to 144,000 [1] - The combined total for April and May's non-farm employment is now 16,000 higher than previously reported [1]

美国6月私人非农就业人数 7.4万人，预期10.5万人，前值由14万人修正为13.7万人。 ...

美国6月非农就业人数增加14.7万人，预估为增加11万人，前值为增加13.9万人。 ...

以下文章来源于金十数据 ，作者金十数据 金十数据 . 金十数据官方服务号。汇聚金融投资行业的各类数据和资讯，数据资讯快、准、全。 来源 | 金十财经 北京时间周四晚8点30分，美国劳工统计局将公布6月非农就业报告， 经济学家预计6月份非农就 业人数将增加11万，较上个月的13.9万有所放缓，失业率将从4.2%小幅升至4.3%，同比时薪增速 将维持在3.9%不变，环比增速将从5月的0.4%放缓至0.3%。 摩根士丹利首席美国经济学家Michael Gapen在给客户的一份报告中写道，"我们认为劳动力需求 正在放缓，但到目前为止， 放缓的幅度是温和的。 " 若非农数据符合预期，这将使美联储保持在9月降息的轨道上，这也符合投资者目前通过期货市 场的预期。然而， 任何更快恶化的迹象，都将增加市场对美联储在即将到来的7月29-30日政策会 议上提前行动的押注。 牛津经济研究院的首席美国经济学家Nancy Vanden Houten在一份报告中说，"6月份疲软的就业 市场是未来趋势的一个信号，我们预计，由于关税和高度的政策不确定性，今年剩余时间的就业 增长趋势将会减弱。" 另一方面， 特朗普政府停止移民和加强驱逐出境的努 ...

美国5月私人非农就业人数 14万人，预期12万人，前值由16.7万人修正为14.6万人。 ...

Macro News - In May, U.S. employers added 125,000 jobs, down from 177,000 in April, indicating a slowdown in hiring [1] - The unemployment rate is expected to rise from 4.2% in April to 4.3% in May, while hourly wages are projected to increase by 0.3% compared to a 0.2% increase in April [1] - Economist Oren Klachkin noted that hiring has slowed, but companies are not laying off employees, as they await more certainty in trade policies [1] - Goldman Sachs analysts estimate a job increase of 125,000 in May, with a reduction of 10,000 federal jobs offsetting state and local government job growth [1] - Goldman Sachs also expects the unemployment rate to remain stable at 4.2% and a month-over-month increase in average hourly earnings of 0.3% [1] Gold Futures Analysis - Gold futures are experiencing narrow fluctuations, currently priced at 783.64 CNY per gram, with a decline of 0.09% [2] - The highest price reached today was 786.90 CNY per gram, while the lowest was 776.68 CNY per gram [2] - Resistance levels for gold are identified between 800-810 CNY, with support levels between 740-750 CNY [2]

美国劳工统计局：4月份非农就业总人数增加了17.7万人，与过去12个月平均每月增加15.2万人的水平大 致相符。 ...