June Jobs Report Exceeds Expectations: Implications for the Fed and Markets

Reported about 8 hours ago

The U.S. economy saw an addition of 147,000 jobs in June, surpassing economists' predictions of 106,000, while the unemployment rate dropped to 4.1%. Despite weaker average hourly earnings growth and a slight decline in labor force participation, the positive job growth may influence the Federal Reserve's forthcoming decisions. The market reacted subtly, showing minor increases in futures and Treasury yields as analysts digested the data.

Source: YAHOO

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