U.S. Employment Rises Much Less Than Expected In June

The U.S. Labor Department reported June employment gains that were significantly weaker than expected. The below-consensus hiring trend is likely to add caution to growth expectations and could pressure rate/yield assumptions as markets reprice the path for interest rates.

Analysis

The U.S. Labor Department reported June employment gains that were significantly weaker than expected. The below-consensus hiring trend is likely to add caution to growth expectations and could pressure rate/yield assumptions as markets reprice the path for interest rates.