U.S. payrolls rise by 57K with 3MMA at 111K, Ernie Tedeschi notes

U.S. payrolls rise by 57K with 3MMA at 111K, Ernie Tedeschi notes
U.S. jobs growth cools after surge

Ernie Tedeschi highlights that recent nonfarm payrolls increased by 57,000, with the three-month moving average at 111,000 and downward revisions totaling 74,000 over two months.

Tedeschi points out that while the anticipated 2026 payroll surge appears to be losing momentum, the reported jobs numbers remain just above breakeven.

Tedeschi previously reported that the U.S. added 172,000 jobs in May 2026, with the unemployment rate at 4.30% and positive two-month revisions at that time. In another recent post, he observed that Poland's economic growth data may be overstated due to the exclusion of Ukrainian refugees from population figures. These updates contribute to a series of recent labor and economic data points tracked by Tedeschi.

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