The United States added 52,000 jobs in June, according to the government’s nonfarm payrolls report. Economists had forecast a gain of 110,000 and May’s gain was 129,000, revised down from the 172,000 initially reported.
The unemployment rate, however, fell to 4.2%, while forecasts predicted that it would remain stable at 4.3%. This decline occurred alongside a considerable drop in the labor force participation rate from 61.5% to 61.8%.
Rising sharply ahead of the data, bitcoin remained at 61,300 immediately after the report was released, up about 4% in the past 24 hours.
US stock index futures were higher following the release of weak figures, with the Nasdaq up 0.7%. The 10-year Treasury yield fell about four basis points to 4.46%, and the 2-year yield fell five basis points.
