#WeakNFPShakesRateHikeOdds

The June employment report drastically altered market expectations, not just because the figure was lower than anticipated, but because of how far it fell short of expectations.
The US economy created only 57,000 new jobs in June, while market expectations ranged from 110,000 to 114,000 – a significant deviation. Furthermore, the April and May figures were revised downwards by a total of 74,000, with May falling dramatically from 172,000 to 129,000. The unemployment rate dropped to 4.2%, but this is attributed more to a decline in the labor force participation rate than to an improvement, falling from 61.8% to 61.5%. The most notable weakness was seen in the leisure and hospitality sector, which lost 61,000 jobs. Normally, a strong seasonal increase was expected during this period due to the World Cup, but the opposite happened