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Breaking News: US Employment Holds Up but Wage Growth Disappoints

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Breaking News: US Employment Holds Up but Wage Growth Disappoints

Introduction

This article was posted on Friday, 13:59, UTC.

The US Non-Farm Payrolls number for June came out a few minutes ago, and the headline number was much better than expected, with more than 200K new jobs added during the month. The whole report was a mixed bag, as wage growth was lower than the consensus estimate and the Unemployment rate also unexpectedly ticked higher, albeit from a decade-long low.

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  • 222,000 non-farm jobs added in June vs. the expected 175,000
  • Wages grew by a monthly 0.2% compared to the expected growth of 0.3%
  • Unemployment came in at 4.4% vs. the expected 4.3%

Let’s see what the numbers could mean for the markets and the monetary policies of the Fed and the ECB.

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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