Jobs Report Today: Stock Futures Fall After Surprisingly Strong Jobs Data
Wall Street Journal
June-07-2024
Stock futures are falling and Treasury yields are climbing after the latest jobs report showed hiring in May was far stronger than expected.
Employers added 272,000 jobs for the month, easily topping the 190,000 economists forecast. The unemployment rate edged up to 4%.
Investors had been eagerly awaiting the payrolls data for more clues on how the economy is faring, and how soon the Federal Reserve might start cutting interest rates. Friday’s numbers come after several recent reports showing some unexpected weakness in the economy.
June-07-2024
Stock futures are falling and Treasury yields are climbing after the latest jobs report showed hiring in May was far stronger than expected.
Employers added 272,000 jobs for the month, easily topping the 190,000 economists forecast. The unemployment rate edged up to 4%.
Investors had been eagerly awaiting the payrolls data for more clues on how the economy is faring, and how soon the Federal Reserve might start cutting interest rates. Friday’s numbers come after several recent reports showing some unexpected weakness in the economy.
