The unemployment rate ticks down to 4.2% in June as the labor participation rate falls, according to BLS data. Labor-force participation measures the share of the working-age population that is either working, or looking for work. Despite the weaker-than-expected jobs report, markets are still broadly pricing in a rate hike by the end of this year, according to CME FedWatch. (jessica.coacci@wsj.com)
Dow Jones Newswires
U.S. Unemployment Rate Ticks Down as Labor Participation Falls — Market Talk
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The unemployment rate ticks down to 4.2% in June as the labor participation rate falls, according to BLS data. Labor-force participation measures the share of the working-age population that is either working, or looking for work. Despite the weaker-than-expected jobs report, markets are still broa…