U.S. June Non-Farm Payrolls
June Non-Farm Payrolls: Added 206,000 jobs, down from May, with April and May figures significantly revised down.
Unemployment Rate: Rose to 4.1%, the highest in two and a half years.
Average Hourly Earnings: Increased 3.9% year-over-year, matching expectations, marking the first time since 2021 that it fell below 4%.
Investors currently estimate a 71.8% chance that the Federal Reserve will initiate the first rate cut of the year in September.
Unemployment Rate: Rose to 4.1%, the highest in two and a half years.
Average Hourly Earnings: Increased 3.9% year-over-year, matching expectations, marking the first time since 2021 that it fell below 4%.
Investors currently estimate a 71.8% chance that the Federal Reserve will initiate the first rate cut of the year in September.
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