June Jobs Report Offers Surprise Hiring Bump | Presented by CME Group

Labor Market Overview - US job growth shows resilience, with revisions indicating stronger performance than initially reported [1] - Non-farm payrolls increased by 147,000, exceeding the estimated 110,000 [2] - Private sector job growth reached its smallest increase in 8 months, adding only 74,000 jobs [3] Unemployment and Labor Force - The unemployment rate fell to 41%, the lowest since February, against a forecast of 43% [3] - The decrease in the unemployment rate was largely due to a decrease in those working or looking for jobs [3] - The labor force participation rate fell to 623%, the lowest level since late 2022 [4] Wage Growth - Average hourly earnings increased by 2% for the month and 37% from a year ago [4]