According to our analysis USDJPY, US500 and BTC moved 19 pips, 19 points and 192 points on US Employment Situation (Non-farm payrolls / NFP) data on 2 May 2025.

USDJPY (19 pips)

US500 (19 points)

BTC (192 points)

Charts are exported from JForex (Dukascopy).

April 2025 Jobs Report: Steady Growth with a Few Soft Spots

The U.S. labor market continued its slow but steady climb in April 2025, according to the latest data from the Bureau of Labor Statistics (BLS). Nonfarm payrolls increased by 177,000, a solid gain that’s slightly above the average monthly increase of 152,000 over the past year. Meanwhile, the unemployment rate held steady at 4.2%, continuing a nearly year-long trend of relative stability in joblessness.

Key Takeaways:

Job Growth Driven by Health Care and Transportation

  • Health care led the way with 51,000 new jobs, continuing its strong performance from previous months. Hospitals and ambulatory health care services were major contributors.

  • Transportation and warehousing added 29,000 jobs, with gains in warehousing and storage (+10,000), couriers and messengers (+8,000), and air transportation (+3,000).

Other Industries on the Rise

  • Financial activities added 14,000 jobs, bringing total gains since April 2024 to over 100,000.

  • Social assistance employment rose by 8,000, though at a slower pace than usual.

Federal Government Job Cuts

  • Federal employment fell by 9,000 jobs in April and is down 26,000 since January. This marks a continued contraction in the public sector.

Other Notable Stats:

  • The number of unemployed people remained at 7.2 million.

  • Long-term unemployment rose to 1.7 million, making up 23.5% of all unemployed persons.

  • The labor force participation rate stayed flat at 62.6%, and the employment-population ratio held at 60.0%.

  • Wages continue to grow modestly:

    • Average hourly earnings rose by 6 cents to $36.06, up 3.8% year-over-year.

    • Nonsupervisory workers saw a 10-cent gain to $31.06.

Revisions & Trends

The jobs numbers from February and March were revised down by a total of 58,000 jobs, tempering earlier optimism. While these revisions don't indicate a major downturn, they reflect the continued balancing act of a cooling economy with pockets of resilience.

Bottom Line:

April’s jobs report reflects a labor market that’s stable, but not booming. Most of the gains are concentrated in a few key sectors, while other areas — including government — are shedding jobs. Wage growth is modest, and the overall unemployment rate remains within a narrow range.

With the next employment report due June 6, attention will remain focused on whether this steady trajectory can be maintained amid ongoing economic uncertainties.

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.bls.gov/news.release/empsit.nr0.htm

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