The big July job job jobs jobs report. Non-farm payrolls up 73,000. Definitely a bit light, but maybe it's the Goldilocks.We'll have to see how the market moves. 73,000. That would be the lightest rate of the year.You have to go back to October of last year to find a lower non-farm pace at 44,000. Now, the revisions, here's a biggie. The two-month revision minus 258,000.That is a biggie. A biggie. Average hourly earnings on month-to-month basis come in as expected, up 3/10en.And if we look at year-over-year ...

Rick Santelli here with the big breaking news of the morning. The big July job job jobs report. Non-farm payrolls up 73,000.Definitely a bit light, but maybe it's the Goldilocks. We'll have to see how the market moves. 73,000.That would be the lightest rate of the year. You have to go back to October of last year to find a lower non-farm pace at 44,000. Now, the revisions, here's a biggie.the two-month revision minus 258,000. That is a biggie. A biggie.Average hourly earnings on month-to-month basis come in ...

Market Trends & Interest Rates - Treasury yields are rising as investors react to weaker jobs data and the potential impact of President Trump's tax and spending package [1] - Interest rates may have peaked in terms of low rates, particularly given the holiday-shortened week [2] - The 10-year Treasury yield continues to move higher [3] Labor Market Analysis - ADP small business job loss data at 8:15 AM EST made some traders nervous, causing yields to drop initially [2] - A potentially weakening labor market could influence the Federal Reserve's decisions [4] - Uncertainty remains whether the day's report is indicative of the larger jobs number to be released tomorrow [5] Federal Reserve (The Fed) & Monetary Policy - A weakening labor market could hasten the Fed's easing campaign [4] - Fed fund futures gravitated towards the upside, indicating expectations of more easing [4] - The market is unsure if today's report is a one-off or a clue about tomorrow's jobs number, impacting expectations for the Fed [5] Bond Market Dynamics - The 2-year yield reflects the most information regarding the Fed [3] - The 210 spread (difference between 2-year and 10-year Treasury yields) bounced back and steepened [3] - The D's contract (likely referring to a specific futures contract) initially reflected the two-year yield's movement but almost returned to unchanged [5]

As of June 2025, the US economy continues to defy some expectations as the labor market shows some strength even with inflation moderating. The latest jobs report on June 6th showed non-farm payrolls grew by 139,000 in May. This surpassed the forecast of 125,000 jobs, while the unemployment rate held steady at 4.2%.Meanwhile, the most recent CPI report on the 11th showed inflation below expectations at 2.4% year-over-year in May with core steady at 2.8%. Earlier worries that tariffs was going to at the same ...

The May non-farm payrolls report was stronger than expected, but it still reinforced the idea that the employment landscape is losing momentum. While the headline data was stronger than expected, it was still lower than last month's figure, which was revised even lower. Combined with the strong wage growth figure and a lower labor force participation rate, this data could signal that employers are pulling back on hiring in response to tighter financial conditions, but also incentivizing their current labor ...