In July, the U.S. non-farm payrolls increased by 73,000, significantly lower than expected
In July, the non-farm payrolls in the United States increased by 73,000, far below the expected 104,000, and the previous value was 147,000. The unemployment rate remained at 4.2%, in line with expectations. After the data was released, traders reassessed the likelihood of the Federal Reserve cutting interest rates in October
On Friday, the U.S. Bureau of Labor Statistics announced that the non-farm employment population in the U.S. increased by 73,000 in July, compared to an expectation of 104,000 and a previous value of 147,000. The unemployment rate in the U.S. for July was 4.2%, in line with expectations of 4.2% and a previous value of 4.1%.
After the data was released, traders fully digested the scenario of a Federal Reserve interest rate cut in October.
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