美国7月非农就业人数增加7.3万人，预估为增加10.4万人，前值为增加14.7万人。 ...

交易员重新完全消化美联储十月份降息的情景。此前公布的美国7月非农就业人数增加7.3万人，不及市 场预期。 ...

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]

Industry Overview - In June, the non-farm employment in the U.S. oil and gas extraction industry decreased by approximately 500 jobs compared to the previous month and by about 900 jobs year-over-year [1] Employment Data - Total non-farm employment in June 2025 was reported at 160,475, showing a change of +147 from May 2025 [1] - Total private employment reached 136,947 in June 2025, with an increase of +74 from May 2025 [1] - The goods-producing sector employed 21,932 individuals in June 2025, reflecting a slight increase [1] Mining and Logging Sector - The mining and logging sector recorded 624 jobs in June 2025, a decrease of 2 from May 2025 [1] - Within this sector, oil and gas extraction specifically had 122.8 jobs in June 2025, down by 0.5 from May 2025 [1] - The mining (excluding oil and gas) segment remained stable at 194.7 jobs in June 2025, showing no change from the previous month [1] Specific Mining Activities - Coal mining employment was reported at 41.1 in June 2025, with a slight increase of 0.1 from May 2025 [1] - Metal ore mining saw a decrease to 44.3 jobs in June 2025, down by 0.3 from May 2025 [1] - Nonmetallic mineral mining and quarrying increased to 109.3 jobs in June 2025, reflecting a rise of 0.2 from May 2025 [1] Support Activities - Support activities for mining recorded 268.1 jobs in June 2025, a decrease of 1.5 from May 2025 [1]

Group 1 - The gap between non-farm payroll employment and ADP employment figures is 180,000, marking the highest level in three years [2]

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]

Group 1 - The core point of the article is that the U.S. non-farm payroll employment increased by 147,000 in June, surpassing the forecast of 110,000 and slightly above the previous value of 139,000 [1] Group 2 - The increase in employment indicates a positive trend in the labor market, which may influence economic growth and consumer spending [1] - The data suggests that the job market remains resilient despite potential economic challenges [1] - The employment figures could impact monetary policy decisions by the Federal Reserve in the near future [1]

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]

Group 1 - The core point of the article is that the total non-farm employment in the U.S. increased by 177,000 in April, which is in line with the average monthly increase of 152,000 over the past 12 months [1]