WS #11249
Nonfarm payrolls added only 57K in June vs ~110K expected, unemployment fell to 4.2% due to lower participation, reducing Fed rate hike expectations and boosting Dow to record highs while tech stocks sold off.
June US Employment Report Miss
Nonfarm payrolls added only 57K in June vs ~110K expected, unemployment fell to 4.2% due to lower participation, reducing Fed rate hike expectations and boosting Dow to record highs while tech stocks sold off.