The United States added 52,000 jobs in June, according to the government’s Nonfarm Payrolls Report. Economists’ forecasts were for 110,000 and the May increase was 129,000, revised downward from the 172,000 originally reported.
The unemployment rate, however, fell to 4.2%, compared to forecasts that it would remain stable at 4.3%. That drop came alongside a significant drop in the labor force participation rate from 61.8% to 61.5%.
Well ahead of the data, bitcoin held at 61,300 immediately after the report, up about 4% in the last 24 hours.
US stock index futures rose after the weak data and the Nasdaq rose 0.7%. The 10-year Treasury yield fell about four basis points to 4.46%, and the 2-year yield fell five basis points.
