Unexpectedly Solid Labor Report Extends Fed Pause

07/03/2025

Yesterday’s weaker-than-expected ADP employment report had set the stage for a soft June labor print, but this morning’s release from the Bureau of Labor Statistics surprised to the upside. Nonfarm payrolls rose by +147k in June, and revisions to prior months added another +16k. While job growth has moderated in 2025, it remains sufficient to absorb new labor market entrants.

Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Yields Rise on Solid Payroll Gains

The Seriousness of the Delta Surge

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.