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Nick Timiraos, Known As The 'Fed’s Megaphone': The U.S. Unemployment Rate In June Stood At 4.189%, The Lowest Level Since Last June's 4.140%
The Plunge In Oil Prices Is Just The Appetizer; The Employment Narrative Is Also Poised For A Revision
The U.S. Dollar Index (DXY) Fell To A Two-week Low Of 100.58 Following The Release Of The Nonfarm Payrolls Data
"Fed Mouthpiece" Nick Timiraos: Over The Past Six Months, The Private Sector Has Added An Average Of 88,000 Jobs Per Month, Marking The Fastest Pace In Two Years. Meanwhile, Total Employment Has Risen By An Average Of 92,000 Jobs Per Month Over The Same Period, The Strongest Growth Since Early 2025
Nick Timiraos, Often Dubbed The 'Fed's Megaphone': The U.S. Economy Added 57,000 Jobs In June, While Revised Data For May And April Combined Showed A Net Reduction Of 74,000 Jobs. The Unemployment Rate Edged Down Slightly To 4.2%. The Leisure And Hospitality Sector Shed 61,000 Jobs In June
The STOXX Europe 600 Index Rose Slightly After The Release Of US Non-farm Payroll Data, And Is Currently Up More Than 1%
U.S. Short-term Interest Rate Futures Rose Sharply After The Release Of The Nonfarm Payrolls Data, As Markets Reduced Their Bets On A Federal Reserve Rate Hike. The Market Has Now Fully Priced In A Fed Rate Increase In December, Having Previously Expected One In October
Non-US Dollar Currencies Generally Rose, With The British Pound (GBP/USD) Rising Nearly 50 Points In The Short Term, The US Dollar (USD/JPY) Falling Nearly 60 Points In The Short Term, And The Euro (EUR/USD) Rising Nearly 40 Points In The Short Term
[The US June Seasonally Adjusted Non-Farm Employment Increased By 57,000, Compared To An Expected 110,000.] July 2nd: In June, The U.S. Added 57,000 Non-farm Payroll Jobs On A Seasonally Adjusted Basis, Lower Than The Expected 110,000. The Previous Value Was Revised From An Increase Of 172,000 Jobs To 129,000 Jobs
Following The Release Of The Non-farm Payrolls Data, Spot Gold Prices Surged, Reaching $4,120 Per Ounce, A 2.20% Increase For The Day

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