Monday, 23 December 2024 Significant NFP Decline on August 2, Major Drop in US Jobs, Fed Rate Cut Highly Likely in September”
Jobs Report: The economy added a disappointing 114k jobs in July, significantly below the expected 175k
unemployment rate has risen to 4.3%
“The USD and US treasuries are falling
July’s non-farm payroll data was disappointing, with fewer hires than in June and an unemployment rate rising to 4.3%, surpassing the 4.2% forecast. This unexpected increase has led to a decline in the greenback. The previously resilient US job market is now showing signs of strain, influenced by tighter monetary policies.”
