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MNI Employment Insight: Recession Fears Take A Backseat

US
  • The nonfarm payrolls report for June saw surprisingly resilient payrolls growth along with evidence of further labor market tightness, exacerbated by a stalling in the post-pandemic recovery of participation rates.
  • The 10 sell-side analysts reviewed saw this report as pushing back against fears the US economy is already in recession and see it emboldening a second 75bp Fed hike later this month, although there is a wider range of views on the labor market outlook further ahead.
  • Full note here: https://marketnews.com/mni-us-employment-insight-recession-fears-take-a-backseat

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