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macroJul 5, 2026, 10:22 PM

June Jobs Report at 57K Disappoints, Wall Street Turns Bearish

The June jobs report came in at a disappointing 57,000, far below expectations, prompting a bearish outlook on Wall Street during a shortened holiday trading week.

The June jobs report delivered a sharp disappointment, with only 57,000 jobs added, missing consensus estimates by a wide margin. The dismal figure has soured market sentiment, leading analysts to warn of a weakening labor market.

Wall Street reacted negatively, with the unexpected data reinforcing a cautious stance. The report comes amid a shortened holiday trading week and has dampened expectations for near-term economic growth.

Source: FXStreet Forex News