ACTV - The June Jobs Report Could Spell Disaster For Markets
2024-07-05 12:15:36 ET
Summary
- June job report weaker than previous months, with downward revisions and low private payrolls.
- Unemployment rate rises to 4.1%, signaling potential economic changes and increasing odds of recession.
- Yield curve steepening as unemployment rate increases, potentially leading to wider high-yield spreads and inflation concerns.
The June job report wasn't as robust as in previous months. The non-farm payroll number still came in stronger than expected on the headline, but it showed downward revisions over the past two months, while the private payrolls came in surprisingly low....
The June Jobs Report Could Spell Disaster For Markets