WS #11252
June payrolls added only 57K vs 113K expected, with 74K in downward revisions to prior months; labor force shrank 720K, unemployment fell to 4.2% due to dropouts; markets now price two Fed cuts by April 2027.
US Jobs Miss - Growth Scare
June payrolls added only 57K vs 113K expected, with 74K in downward revisions to prior months; labor force shrank 720K, unemployment fell to 4.2% due to dropouts; markets now price two Fed cuts by April 2027.