The U.S. added 52,000 jobs in June, according to the government’s Nonfarm Payrolls Report. Economist forecasts had been for 110,000 and May’s gain was 129,000, revised down from an originally reported 172,000.
The unemployment rate, however, did dip to 4.2%, against forecasts that it would remain flat at 4.3%. That decline occurred alongside a sizable drop in the labor force participation rate to 61.5% from 61.8%.
Up sharply ahead of the data, bitcoin remained at 61,300 immediately following the report, ahead about 4% over the past 24 hours.
U.S. stock index futures were on the rise following the soft print, the Nasdaq higher by 0.7%. The 10-year Treasury yield dipped about four basis points to 4.46%, and the 2-year yield fell five basis points.