Jobs report today: Job growth slowed in June; Unemployment falls to 3.6%

U.S. employers added 209,000 jobs in June, below the 240,000 expected by economists polled by The Wall Street Journal. Unemployment ticked down to 3.6%, as expected.

The labor market’s resilience to the Federal Reserve’s aggressive policy tightening has led to concerns that interest rates will stay higher for longer, threatening the stock market rally.

Stock futures was narrowly lower. Contracts linked to the S&P 500, Nasdaq-100 and Dow industrials all fell slightly.

Bond yields retreated slightly. The benchmark 1[ads1]0-year yield was recently at 4.068%, up from 4.040% late Thursday, while the two-year yield was at 4.973%, up from 5.004%.

The dollar weakened. The WSJ Dollar Index lost 0.3% as the dollar fell against the Japanese yen and euro. the 10-year US Treasury bond was at 4.054%, up from 4.04% on Thursday.

The dollar softened. The WSJ Dollar Index lost 0.4% as the dollar fell against the Japanese yen and euro.

Overseas shares was mixed. The Stoxx Europe 600 rose 0.2%, while Britain’s FTSE 100 fell 0.4%. In Asia, Hong Kong’s Hang Seng index fell 0.9% and Japan’s Nikkei 225 index fell 1.2%.

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