US nonfarm payrolls rose only 57,000 in June, down sharply from the prior trend and following downward revisions to the previous two months. The weaker-than-expected hiring signal is likely to increase caution around labor-market momentum and could influence expectations for the path of interest rates. Overall, the data tilts modestly risk-off for the near-term rate outlook.
US nonfarm payrolls rose only 57,000 in June, down sharply from the prior trend and following downward revisions to the previous two months. The weaker-than-expected hiring signal is likely to increase caution around labor-market momentum and could influence expectations for the path of interest rates. Overall, the data tilts modestly risk-off for the near-term rate outlook.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
