Odaily News The U.S. job market performed solidly in June, with nonfarm payrolls increasing by 147,000, higher than the revised 144,000 in May; the unemployment rate unexpectedly fell to 4.1%, while economists had expected a slight increase to 4.3%. The report showed that the labor market remained stable, which may allow the Federal Reserve to postpone the resumption of interest rate cuts to September. Although job growth exceeded expectations, the growth rate is slowing, mainly reflecting weak hiring activities. Layoffs remain quite low, and employers generally hoarded workers during and after the new crown pandemic because they had difficulty finding labor. Several indicators, including the number of first-time unemployment claims and the number of people receiving unemployment benefits, show that the labor market is showing signs of fatigue after a strong performance that protected the economy from recession. At that time, the Federal Reserve tightened monetary policy sharply to combat high inflation. (Jinshi)

Odaily News The number of non-farm payrolls in the United States unexpectedly increased by 147,000 in June, which was not only higher than the 144,000 new jobs in May, but also significantly exceeded the 110,000 generally predicted by economists, showing that the U.S. labor market has successfully withstood the uncertainty brought about by the Trump administration's trade and immigration policies. This unexpectedly strong data will reduce the pressure on the Federal Reserve to cut interest rates, despite Trump's repeated public calls for the bank to take action to cut interest rates. Federal Reserve Chairman Powell said this week that a rate cut in July is "still under consideration", which seems to have reversed his previous position of "keeping interest rates unchanged until the fall." (Jinshi)

Odaily News OKX market shows that BTC fell below 109,000 USDT and is now at 108,971.1 USDT, with the 24-hour increase narrowed to 1.55%. (This newsletter is generated by AI)

Odaily News After the release of the non-farm payrolls report, interest rate futures traders gave up their bets on the Fed's rate cut in July. The market currently has an 80% chance of a rate cut by the Fed in September, down from 98% before the release of the non-farm payrolls report. (Jinshi)

Odaily News According to the data from Jinshi on July 3, the U.S. Bureau of Labor Statistics: the number of new non-agricultural jobs in April was revised from 147,000 to 158,000; the number of new non-agricultural jobs in May was revised from 139,000 to 144,000. After the revision, the total number of new jobs in April and May was 16,000 higher than before the revision. (Jinshi)

Odaily News The number of initial jobless claims in the United States for the week ending June 28 was 233,000 (10,000 people), the previous value was 236, and the expected value was 24. (Jinshi)