June Jobs Report: Mixed Signals and Market Reactions
U.S. economy adds 206,000 jobs as unemployment rises to 4.1%, sparking hopes for Federal Reserve rate cuts.
- Job growth in June exceeded expectations with 206,000 new positions added.
- Unemployment rate increased to 4.1%, the highest since late 2021, as more people entered the labor force.
- Wage growth decelerated but still outpaced inflation, with a 3.9% annual increase.
- Tech stocks led market gains, pushing major indices like the S&P 500 and Nasdaq to record highs.
- Investors are increasingly betting on Federal Reserve interest rate cuts in the coming months.
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