Deep Tide TechFlow News, July 1st – Jason Pride, Director of Investment Strategy at private wealth management and investment firm Glenmede, and Michael Reynolds, Vice President of Investment Strategy, stated that investors should expect the U.S. unemployment rate to remain unchanged at 4.3% in June, with non-farm payrolls growing by approximately 87k. Although this marks a decline from May’s 172k, it is still considered a strong result given the current “low hiring, low layoff” labor market environment. While the fundamentals of employment remain largely intact, the Federal Reserve’s focus has shifted to inflation, meaning that the timing of any future easing policies will depend more on inflation pressure than on employment growth itself. (Jin Shi)