📊🇺🇸U.S. Headline Jobs top Almost All Estimates: Cable FX Macro

Here's an update on the latest economic figures:

Payroll gains surpassed most forecasts, reaching 147,000. Revisions for the previous two months added a cumulative 16,000 jobs, and the three-month moving average for job gains increased to 150,000 from 141,000 in May.
The unemployment rate surprisingly fell from 4.2% to 4.1%, the figure came out of the forecast range, the survey median stood at 4.3%. This decline was primarily due to individuals leaving the labor force; although employment increased, the number of job seekers decreased even more.
June's job growth was largely driven by the government sector, which contributed 73,000 new jobs. While federal government jobs declined for the fifth consecutive month, hiring at the state and local levels significantly boosted the public sector.
Private-sector payrolls rose by 74,000, falling short of the 100,000 median estimate and marking the weakest reading since October, when the job market was impacted by hurricanes and labor strikes.

(Figure1: Data Surprise Metrics via Non Farm Payrolls dashboard)

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