Reported about 9 hours ago
The US labor market displayed unexpected resilience in June, adding 147,000 nonfarm jobs and lowering the unemployment rate to 4.1%, contrary to forecasts that predicted a rise. This marked a slight increase from May's figures, with overall labor force participation dipping to 62.3%. Despite signs of slowing growth, such as private sector job losses reported by ADP, there are no indicators of a substantial downturn in the labor market. Markets have adjusted their expectations for Federal Reserve interest rate cuts following this report.
Source: YAHOO