📊 US Jobs Data Update: Nonfarm Payrolls & Unemployment Rate
The latest Nonfarm Payrolls (NFP) report shows the U.S. economy added 64K jobs, a sharp rebound from the previous -105K, signaling some improvement in hiring momentum.
However, the unemployment rate ticked up to 4.6%, compared to 4.4% previously, suggesting that underlying labor market conditions remain mixed.
Overall, the data points to a cooling but resilient labor market, which could keep markets sensitive to upcoming signals from the Federal Reserve on interest rate policy. Traders should stay alert, as volatility often follows key labor data releases.
#KVB# #NonfarmPayrolls# #UnemploymentRate#
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