US: NFP showed mixed results in June – UOB – by pabspiovano NFP Employment Banks UnitedStates
The latest US Labor Market Report was mixed as job creation came in below expectations at 209,000 jobs added in May while the jobs print for Apr & May was revised lower by 110,000. Jobless rate receded to 3.6% , as the unemployed numbers fell by 140,000 to 5.957 million and participation rate held at 62.6%. Wage growth pace was above forecast, and at the same pace as May, at 0.4% m/m, 4.4% y/y.
Admittedly, the US Jun job creation while below forecast, remained above 200k and unemployment rate and wage growth highlighted the resilience of US labor market.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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