US July Payrolls Drop by 23,000, June Revised Sharply Lower; Unemployment Rate Falls to 4.1%

Macro Impact 4

โดย Reuters·

Summary · why it matters

US nonfarm payrolls fell by 23,000 in July, an unexpected decline against market expectations for an increase of 80,000. The June figure was also revised sharply lower, from a gain of 57,000 to an increase of just 20,000. The unemployment rate dipped to 4.1 percent from 4.2 percent in June, but this was driven by a further decline in the labor force participation rate. The results are seen as casting doubt on a Federal Reserve rate hike next month.

Effective Federal Funds Rate ▼United States Government Bond 10Y ▼

Impact on stocks 2

Others▼ · 2 stocks

％Effective Federal Funds Rate

EFFR

▼ NegativeMonetaryrelevance

Weak jobs report casts doubt on Fed rate hike, likely lowering policy rate expectations.

％United States Government Bond 10Y

US-10Y

▼ NegativeMonetaryrelevance

Weak jobs report reduces rate hike odds, pushing yields down.

US July Payrolls Drop by 23,000, June Revised Sharply Lower; Unemployment Rate Falls to 4.1%

Impact on stocks 2

Theme Impact

Off-coverage companies

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