Non-agricultural payroll pink of 209,000 in June, under economists’ expectations of an addition of 240,000 jobs. Though the figures present a slowdown within the labor market, market watchers remained fearful as common hourly wage progress was flat at 0.4% from Might and 4.4% from a 12 months in the past. a 12 months.
The report didn’t change expectations of a 25 foundation level fee hike by the US Federal Reserve on the subsequent assembly, in keeping with FedWatch. Instrument. That stored U.S. inventory markets beneath strain, with the three main indexes fall for the week. The S&P 500 fell 1.16% and the Nasdaq 0.92%.
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