美国_就业增长低于预期，前几个月数据大幅下修；失业率上升-USA_ Payroll Growth Below Expectations and Revised Sharply Lower in Prior Months; Unemployment Rate Rises

1 August 2025 | 11:19AM EDT USA: Payroll Growth Below Expectations and Revised Sharply Lower in Prior Months; Unemployment Rate Rises BOTTOM LINE: Nonfarm payrolls rose 73k in July, below expectations. Payroll growth was revised down by 133k to 14k in June and by 125k to 19k in May, or 258k cumulatively across the two months. The cumulative revision was roughly evenly split between the public and private sectors, with state and local government education accounting for most of the revision to public payroll ...