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Nonfarm payrolls rose 57,000 in June, below 114,000 estimate
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Nonfarm payrolls rose 57,000 in June, below 114,000 estimate and down from 129,000 in May (revised downwards from 172,000).
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The report likely pushes the urgency of interest rate hike to September from July.
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Unemployment rate fell to 4.2% from 4.3% but in line with estimates.
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Labor force participation rate moved down to 61.5% from 61.8%.
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Average hourly earnings rose 0.3% on the month, in line with estimate and unchanged from the prior month.
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S&P 500 futures rose 0.4% while Nasdaq 100 futures gained 0.7% following the report.
