🚨 U.S. June Economic Data:
June U.S. jobs data pains a very neutral picture for markets.
The Data:
- Non-Farm Payrolls: 57K (vs 110K expected)
- Unemployment Rate: 4.2% (vs 4.3% expected)
This suggests U.S. economy is slowing down.
The economy created far fewer jobs than expected, showing that hiring is slowing down.
This is generally slightly bullish for stocks and crypto.
The weak jobs growth increases the chances that the FED could cut interest rates sooner.
Which, of course, is positive for the markets.
June U.S. jobs data pains a very neutral picture for markets.
The Data:
- Non-Farm Payrolls: 57K (vs 110K expected)
- Unemployment Rate: 4.2% (vs 4.3% expected)
This suggests U.S. economy is slowing down.
The economy created far fewer jobs than expected, showing that hiring is slowing down.
This is generally slightly bullish for stocks and crypto.
The weak jobs growth increases the chances that the FED could cut interest rates sooner.
Which, of course, is positive for the markets.