Overview

• 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.