Kalshi traders anticipate less than a 60% chance that job growth in June will exceed 100,000. The Dow Jones consensus expects a sharp decline in job growth from 172,000 in May to June. Goldman Sachs estimates that the June jobs report could be boosted by approximately 40,000 positions due to the impact of the World Cup. The bank based its estimates on Homebase data suggesting a modest hiring increase linked to the global sporting event.
Moody’s Analytics chief economist argues falling labor participation artificially lowered unemployment, masking a cooling economy.
Read the full storyNon-farm payrolls grew by a soft 57,000 in June, easing pressure on the Federal Reserve to implement a rate hike at its upcoming meeting.
The June jobs report revealed unexpected weakness in employment growth, while rising wage pressures are expected to drive more aggressive Federal Reserve rate hikes.
Reflecting a sharp slowdown in the US labor market, June data revealed that non-farm payrolls grew by a mere 57,000, significantly missing expectations.
US equities rose on soft payroll data while hawkish Fed comments pushed yields higher and oil prices fell due to stable flows through the Strait of Hormuz.
The Euro climbed toward 1.1455 against the US Dollar as weak Non-Farm Payroll data triggered selling pressure on the greenback.
The US currency slumped as disappointing non-farm payroll figures fueled speculation that the Federal Reserve may accelerate interest rate cuts to support the economy.
Softer labor market data fueled investor hopes for a Federal Reserve rate pause, shifting capital toward broader market sectors beyond mega-cap tech.
June economic reports indicate a cooling labor market and easing inflation, potentially providing the Federal Reserve room to pivot toward interest rate cuts.
The British Pound rallied against the Greenback as disappointing US Non-Farm Payrolls data led markets to slash bets on future Federal Reserve interest rate hikes.
The cryptocurrency market experienced a relief rally following the release of U.S. economic data indicating a cooling labor market, which enhances the appeal of alternative assets.
A cooling June labor market report crushed Fed rate-hike expectations, triggering a significant surge in gold, silver, and interest-rate-sensitive equity sectors.
In a sudden shift in economic data trends, the latest US job numbers have come in below analyst expectations, raising questions about the pace of economic growth.
U.S. indices opened higher as cooling labor market data led traders to lower expectations for future Federal Reserve interest rate hikes.
The South African rand strengthened against the greenback as disappointing US employment figures fueled speculation of a potential shift in Federal Reserve policy.
In a move reflecting a sudden cooling in the U.S. labor market, the June employment report confirmed that the economy added only 57,000 nonfarm payrolls, significantly missing expectations.
Goldman Sachs estimates the World Cup could add 40,000 positions to the June jobs report, driven by temporary hiring trends.
Kalshi's prediction market assigns less than a 60% probability that June nonfarm payrolls exceed 100,000, as the Dow Jones consensus expects a sharp slowdown from May's 172,000, reinforcing bets on a cooling labor market.