Here Are the Key Takeaways From US Jobs Report for June.

The US employment report for June reveals that nonfarm payrolls increased by 206,000, slightly surpassing the median forecast of 190,000. Job growth in the previous two months was revised down by 111,000. Government and health care sectors were the primary sources of hiring. The unemployment rate rose marginally to 4.1%, with more people actively seeking work. Women gained 105,000 jobs in June and make up 49.8% of the labor force, while the unemployment rates for Black and Asian individuals increased. Average hourly earnings rose by 0.3% in June, resulting in an annual increase of 3.9%. However, average weekly earnings growth matched April's gain but was the lowest in three years. The median time it takes to find a job increased to 9.8 weeks, the highest since February 2022. Temporary help experienced a decline of 48,900 in June, the most since April 2021. Treasury yields dropped, and S&P 500 contracts fluctuated in response to the report. [Extracted from the article]