The US reported 372,000 non-farm payrolls in June 2022, with the figure slightly offset by a 74,000 downward revision to the results over the past two months.
Private payrolls grew by 381, while manufacturing payrolls grew 29,000. The unemployment rate remained unchanged at 3.6%.
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S&P 500 futures were down 0.4% to 3,889 at the time of reporting.
Bloomberg reporter Michael Mckee answered a viewer question about what the figures would mean for US Labour Secretary Marty Walsh: “It’s a victory lap for the Biden administration, [he] can say look, we’re still producing jobs, the unemployment rate hasn’t changed.”