U.S. Job Growth Misses Estimates In June But Unemployment Rate Edges Lower

The U.S. Labor Department reported June employment gains that came in far below expectations, signaling a softer labor market than anticipated. The weaker-than-expected print is likely to shift rate expectations and weigh on near-term yield and risk sentiment.

Analysis

The U.S. Labor Department reported June employment gains that came in far below expectations, signaling a softer labor market than anticipated. The weaker-than-expected print is likely to shift rate expectations and weigh on near-term yield and risk sentiment.