πŸ“ŠπŸ‡ΊπŸ‡Έ Payroll: US adds 209k jobs in June; unemployment rate drops to 3.6%

The latest payroll report by the Bureau of Labor Statistics revealed the addition of 209k non-farm jobs in June, slightly below market estimates. Unemployment rate decreases to 3.6%, meeting investor consensus. Average hourly earnings show positive growth.

#PayrollReport #JobGrowth #UnemploymentRate #Economy

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Discussion

What's your opinion on them resuming hikes in July? On the one hand, they sounded quite hawkish at the FOMC meeting. It almost sounded like JP said "I will burn you all if the market continues to taunt me." On the other side, the cracks everywhere seem to be turning into dam breaks.

I frankly don't know. Less joblessness is spooking investors making it feel like we're in a bizarro world.

Certainly! Considering the current situation, it is understandable to approach the topic with caution and without a definitive opinion. Looking at the numbers, the possibility of two interest rate hikes this year seems plausible. The recent pause in rate hikes may have been a strategic move to assess market reactions, and it appears that the outcomes may not have aligned with the expectations of certain individuals, like JP. The cracks and uncertainties that exist within the economic landscape can be unsettling, creating a sense of entering into an unpredictable realm. Amidst these circumstances, it becomes crucial to closely monitor developments and analyze the various factors influencing the resumption of market highs in July. Volatility and uncertainty, while challenging, can also present opportunities for informed decision-making.

But all in all, I still think it's a good time for entries, that good conscious DCA.