U.S. Economy Adds 372,000 Jobs In June, Increasing Chances Of Another 0.75% Fed Rate Hike

The SPDR S&P 500 ETF Trust (NYSE: SPY ) traded lower by 0.8% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from June. The U.S. added 372,000 jobs in June, beating consensus economist estimates of 250,000 jobs. The U.S. unemployment rate remained steady at 3.6%. The labor participation rate was unchanged at 62.2% and remains below its 63.4% pre-pandemic rate in February 2020. Wages were up 5.1% ... Full story available on Benzinga.com