US labor market data release, surprise for the markets!

Today, Friday, data published in the United States showed a contrast to the US labor market data last June, employment in the non-agricultural sector increased by 209 thousand jobs, which was lower than market expectations, indicating an increase of approx. 224 thousand jobs, and the previous reading showed the economy added about 294,000 jobs, after a revised low rate of 306,000 applications last May.

On the other hand, the US unemployment rate rose to 3.6% in the same period, which was in line with expectations that indicated a 3.6% decline in the index after the previous reading was 3.7% in May.

In addition, average hourly wages rose 0.4% on a monthly basis last May, beating market expectations and higher than the previous reading, which indicated wage growth of about 0.3% last May after being revised up from 0.3%. .

US labor market data is a key monthly indicator that measures economic activity. It covers all major economic sectors. It and many other economic indicators depend on its data. Indicator data reflects the efficiency of the labor market and the rate of income and productivity.

Here are the details of the US labor market data released today:

• Employment in the health care sector increased by about 41,000 jobs.

• Employment in the hospitality and luxury sector increased by around 21,000 jobs.

• About 23 thousand job opportunities have increased in the construction sector.

• About 7 thousand job opportunities have decreased in the transport sector.

• Employment in the social assistance sector increased by about 24,000 jobs.

• Employment in the government sector increased by around 60,000 jobs.

• Employment in the retail sector fell by about 11,000 jobs.

• Employment in mining, manufacturing, gas and oil, wholesale trade, retail trade, warehousing, information and financial services, and other services remained largely unchanged.

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