A good jobs report.
206,000 net new jobs V 190,000 expected.
4.1% unemployment rate, a bit higher than expected, the Feds expected this rate by Dec 2024.
Revisions are the bigger story with 57,000 and 54,000 lower revisions for April and May 2024. So, the 206,000 jobs for June may be revised as well following the trend.
Wage rate – Average hourly earnings climbed by 0.3% in June from the previous month, taking the annual increase to 3.9%.
Futures are flat, and the 10-year has dropped to 4.29%.