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Weak Nonfarm Payrolls Reduce Hike Pricing
The US job market stumbled in June and wasn’t quite as solid as previously believed over the prior two months. The result drove down shorter-term US Treasury yields and reduced OIS contract pricing for hikes with the September contract now down 10bps from the full hike pricing back on September 22nd. Payrolls increased by 57k in June which was close to my below-consensus 90k call and vastly weaker than some of the outliers to the high side. Details were weak. Breadth of hiring activity was poor (chart 1). The goods sector added just 10k, while services added just 39k. Within goods, only construction was up in an ... (full story)
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Both total nonfarm payroll employment (+57,000) and the unemployment rate (4.2 percent) changed little in June, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, social assistance, and health care. Leisure and hospitality lost jobs. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note. 
U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June.
U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June.
From vtmarkets.com | Jul 2, 2026
Silver climbed to the top of its weekly range as a weaker US Nonfarm Payrolls report pulled the US Dollar to a two-week low. XAG/USD was trading near $61.15, up almost 3.50% on the session, after the Bureau of Labor Statistics reported 57K jobs added in June versus expectations of 110K. May payrolls were revised down to 129K from 172K, while the Dollar ...
From vtmarkets.com | Jul 2, 2026
Gold rose as the US Dollar slid after a weaker US Nonfarm Payrolls report, with XAU/USD trading around $4,120, up nearly 2.20% on the day. The US Dollar Index (DXY) fell to about 100.75, a two-week low, while speculation about possible action from Tokyo followed the JPY hitting a 40-year low earlier in the week. US data showed 57K jobs added in June versus ...
