US Non-Farm Payrolls Slightly Below Expectations, Lagarde Addresses Inflation and ECB's Approach
TL;DR
The US non-farm payrolls for June came in at 209,000, slightly below the expected 225,000. The unemployment rate remained steady at 3.6%, while average hourly earnings increased by 0.4% month-on-month, surpassing expectations. Despite the slight miss in job growth, the market remains focused on the strong wage growth, which could draw the attention of the Federal Reserve.
Topics:businesseconomy#economy#job-growth#non-farm-payrolls#unemployment-rate#us-economy#wage-growth
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