Stock Market Update
02-Jul-26 08:36 ET
June employment situation report
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +41.00. Nasdaq futures vs fair value: +296.00.
The S&P 500 futures currently trade 41 points above fair value.
Just released, nonfarm payrolls increased by 57,000 (Briefing.com consensus: 110,000) in June. May nonfarm payrolls were revised to 129,000 from 172,000.
June private sector payrolls increased by 49,000 (Briefing.com consensus: 88,000). May private sector payrolls were revised to 97,000 from 120,000.
The June unemployment rate was 4.2% (Briefing.com consensus: 4.3%) versus 4.3% in May.
June average hourly earnings were up 0.3% (Briefing.com consensus: 0.3%) on the heels of a 0.3% increase in May.
The average workweek in May was 34.3 hours (Briefing.com consensus: 34.3) versus 34.3 hours in May.
Initial jobless claims for the week ending June 27 declined by 1,000 to 215,000 (Briefing.com consensus: 220,000) from the upwardly revised previous level of 216,000 (from 215,000).
Continuing jobless claims for the week ending June 20 increased by 2,000 to 1.814 million from the downwardly revised prior level of 1.812 million (from 1.821 million).
