Instant view: US job growth beats expectations in June | Reuters
By: Reuters
U.S. job growth in June rose above expectations, while the unemployment rate fell, suggesting the labor market is stable.
S E E D E D C O N T E N T
By ReutersJuly 3, 20251:26 PM UTCUpdated agoTextShareAn employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz Purchase Licensing Rights, opens new tabNEW YORK, July 3 (Reuters) - U.S. job growth in June rose above expectations, while the unemployment rate fell, suggesting the labor market is stable.Nonfarm payrolls increased by 147,000 jobs in June, after rising 144,000 in May, the Labor Department showed on Thursday. Economists polled by Reuters had forecast 110,000 jobs added last month.
The unemployment rate fell to 4.1% in June from 4.2% in the previous month.On Wednesday, the ADP National Employment Report showed private payrolls unexpectedly fell in June, the first drop in more than two years.
MARKET REACTION
STOCKS: S&P E-minis gained and were up 0.27%BONDS: The yield on benchmark U.S. 10-year notes rose 6.7 basis points at 4.3359% and the two-year note yield climbed 12 basis points to 3.8717%FOREX: The dollar advanced against major currency pairs
COMMENTS:JIM BAIRD, CHIEF INVESTMENT OFFICER, PLANTE MORAN FINANCIAL ADVISORS, SOUTHFIELD, MICHIGAN:"The fears around the softer labor markets to this point have continued to be worse than the reality. The job market appears to be hanging in there. I'd say that you have to look at the next layer of the data and when …
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There is actually a dumbass on "X" commenting that June saw 33,000 job LOSSES. And the approval "heart" votes show how much some want to see a downtrend rather than growth. Sad bunch of "Patriots" we have around here.
My money is that the idiot you are referring to is looking at the number of illegals that have been taken into custody.
So much for tariffs destroying the economy.
But all the NT tariff experts said that's what would happen.
And the so called ‘irreparable damage’ to international relations.