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U.S. adds 850,000 jobs in June, better than expected

Nonfarm payrolls increased by 850,000 in June vs. the estimate for 706,000.

The unemployment rate unexpectedly rose to 5.9% vs. the 5.6% estimate.

Wages were up 0.3% for the month and 3.6% year over year, both in line with expectations.

https://www.cnbc.com/2021/07/02/jobs...june-2021.html

A good start to the new month for stocks on Thursday as the Dow gained 131-points, and the S&P 500 had its 6th consecutive positive close. Small caps did well, while the Nasdaq was on the flat side. The dollar rallied again and bonds were flat. Some better than expected jobs data seemed to help the typically bullish first day of July.

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