The U.S. economy created 224,000 new jobs in June 2019 according to the U.S. Bureau of Labor Statistics, above the 160,000 forecast and well above the May total of 75,000.
The unemployment rate for last month remained at 3.7%.
Average earnings rose by 0.2% month-on-month compared to expectations of a 0.3% rise
Immediate effect on stock markets
U.S. futures gained as the news was released only to fall back. A strong job report may dampen the hope of a Fed interest rate cut. On the other hand, fears of an imminent recession may subside but Trumps tariffs still remain a problem.
Does this set of job data really change anything?