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U.S. Non-Farm Payrolls Add 57K in June, Below Expectations; CICC Maintains View of Fed Pause

2026-07-03 00:37:18

According to a CICC report, U.S. non-farm payrolls added 57,000 jobs in June, falling short of market expectations, indicating a moderation in employment growth momentum. The unemployment rate declined to 4.2%, while labor force participation continued to recede, suggesting stable demand paired with tightening labor supply. The report maintains CICC's view that the Federal Reserve will neither raise nor cut rates for the remainder of 2026, as the data provides the central bank with time to assess economic conditions.

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U.S. Private Nonfarm Employment Adds 49K in June, Misses Expectations of 110K

Economists Forecast 115,000 Nonfarm Jobs Added in June, Unemployment Rate Steady at 4.3%

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