All articles tagged with #jobs report
CNN’s Harry Enten highlighted new polling showing Trump’s job-approval on the economy in the red and, with a July jobs report showing a 23,000-job drop, signaled waning support among key voters—raising questions for Republicans as the midterms approach.
Two CNN analysts argue the July jobs report was weak and complicates the inflation fight and the Fed’s next move: soft labor data against persistent inflation, a debate over Warsh’s “reaction function,” and a bond market that may be pricing in mixed signals ahead of the September meeting; with mortgage rates climbing toward 7%, the real-world costs of policy ambiguity loom.
Friday’s July employment data surprised to the downside with payrolls falling 23,000 while the unemployment rate eased to 4.1% as participation remained near pandemic lows. The softer hiring pace and softer wage growth reinforce expectations the Fed will keep rates unchanged this year, helping Treasury yields slide and equities jump, led by large tech names such as Nvidia, Microsoft and Meta. Traders also trimmed odds of a September rate hike, signaling a more favorable backdrop for stocks despite ongoing inflation concerns.
White House economist Kevin Hassett argues July’s dismal payrolls can be dismissed by excluding sectors that lost jobs and focusing only on gains, but the broader Bureau of Labor Statistics data show a fragile, patchy labor market with declines in local government education and mixed manufacturing signals, challenging the idea of a strong economy despite some private-sector growth.
A weaker-than-expected July payrolls report shows a 23,000 decline in jobs (vs. +80,000 expected) with May–June revisions downward, while the unemployment rate ticked down to 4.1% as participation fell. Analysts say the data supports a pause in rate hikes but leaves the door open for a September move if inflation remains hotter than forecast, making Fed officials wary of a too-rosy labor market as inflation data next week looms.
July payrolls fell by 23,000 as education, government and retail cut jobs, while the unemployment rate eased to 4.1% and labor-force participation dipped to 61.4% — the lowest in five years, with about 264,000 people leaving the labor force. Retail lost 19,000 jobs (big-box retailers hardest hit), leisure and hospitality shed 40,000, and local education dropped 49,000, though healthcare added 22,000. June’s gains were revised down to +20,000. With wage growth lagging inflation and Fed rate expectations shifting little, the report underscoring a sluggish economy helped push modest stock gains in trading.
U.S. stock futures rose Sunday as investors prepared for the July jobs report and a busy week of earnings, with Dow futures up about 200 points (0.4%), S&P 500 futures +0.5%, and Nasdaq-100 futures +0.8%. Oil declined after Trump said he canceled a planned Iran strike. Friday’s session left major indices near record highs, and traders await earnings from McDonald’s, Kraft Heinz, Costco, Disney, Palantir, and AMD, along with the July payrolls data expected to show around 87,500 new jobs and a 4.3% unemployment rate.
Analysts across major banks are growing skeptical of the June U.S. jobs data from the Bureau of Labor Statistics, noting an implausible 61,000‑job drop in leisure and hospitality during the World Cup month and pointing to frequent revisions. While overall payroll gains were modest, economists expect an upward revision to the top-line figure in July as more survey data arrive, underscoring that the labor market remains murky and data quality should be treated with caution amid an uncertain policy environment.
June payrolls rose by 57,000 and the unemployment rate fell to 4.2% as about 720,000 people left the labor force, pulling the participation rate to 61.5% (the lowest since March 2021) and prime‑age participation to 83.3%. Long‑term unemployment remained elevated at around 1.9 million. The Job Openings and Labor Turnover Survey showed 7.6 million openings but a hiring rate of 3.3% with little turnover. Economists warn the unemployment drop may reflect people exiting the workforce rather than stronger hiring, leaving the labor market uneven and possibly noise-driven, with anomalies like declines in 25–34-year-olds and softer leisure/hospitality hiring.
The June 2026 US payrolls increased by 57,000, far below economists’ expectations of about 113,000, while the unemployment rate fell to 4.2% (its lowest in a year). April and May payrolls were revised downward by a combined 74,000, dampening momentum. Job gains came from professional and business services, social assistance, and healthcare, but leisure and hospitality lost 61,000 positions as seasonal hiring cooled. The labor-force participation rate also slipped to 61.5%, suggesting softer overall labor-market strength.
U.S. nonfarm payrolls rose by 57,000 in June, well below economists’ 113,000 forecast, while the unemployment rate dipped to 4.2% and the labor-force participation rate held at 61.5%. Gains were led by professional/business services, social assistance, and healthcare, but leisure and hospitality fell by 61,000 after May’s surge; April and May payrolls were revised down by a combined 74,000. The report signals a cooling labor market as the year heads toward mid-year.
The June jobs report shows a cooling labor market: nonfarm payrolls rose by 57,000—well below expectations—while the unemployment rate fell to 4.2% and the labor-force participation rate slipped to 61.5% (a multi-year low). May and April gains were revised down, dampening earlier optimism. Most growth came from professional/business services, health care and social assistance; leisure and hospitality lost 61,000. Average hourly earnings rose 0.3% in the month and 3.5% year over year. The softer payrolls read could influence Fed policy expectations, with investors weighing a potential September move against near-term policy pauses.
US stock futures rose after reports that the US and Iran agreed to halt attacks, helping lift sentiment after a rough week. Nasdaq futures led gains (~1%), with S&P 500 futures up about 0.7% and Dow futures around 0.4%. Oil prices climbed, with Brent above $73 and WTI above $70 as energy concerns persist. Traders head into a holiday-shortened week, awaiting the June jobs report due Thursday, and with U.S. markets closed Friday for the Fourth of July.
Friday's strong May payrolls report (172,000 jobs, with upward revisions) surprised markets, pushing rate-hike expectations higher and snapping the S&P 500's nine-week win streak while sending the Nasdaq to its worst week since last year's 'Liberation Day' sell-off. The chip sector led declines (iShares Semiconductor ETF down ~7%), as higher rates dampen valuations for AI and growth names. Investors had hoped for slower job growth and possible rate cuts, but a robust labor market suggests rates stay higher for longer. All eyes now on CPI data due Wednesday, with inflation seen around 4.2% year over year.
A strong May jobs report cooled fears of weakness but sent markets into a wobble as the 10-year yield neared 4.6% and the 30-year crossed 5%, helping drive a Nasdaq drop of about 4% and a S&P slide of around 1%. Barclays warns we’re entering a “warning zone” for valuations as higher rates compress the value of future profits, especially for AI-related stocks, prompting a rotation into near-term earnings plays. Inflation pressures persist due to strong demand, supply bottlenecks, oil/shock risks, and tariffs, while an active IPO pipeline (SpaceX, Anthropic, OpenAI) looms as one of the market’s recent bright spots. Trump even chimed in on Truth Social, saying great jobs data should lift stocks.