The Latest Breaking News from Jobs Report

A mixed jobs report won't keep the Fed from raising interest rates later this month, the pros say.

The June jobs report showed solid hiring, but downward revisions of prior data helped offset stronger wage growth. S&P 500 futures dipped.

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June S&P 500 futures (ESM23) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.25% this morning as market participants digested the U.S. debt ceiling agreement, while U.S. Treasury yields climbed following a robust May jobs report.

Asian stocks have followed Wall Street higher after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening

SYDNEY: Most Asian share markets rose on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed US jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.

The major benchmarks rallied hard into the weekend after a mixed May jobs report and end to debt ceiling drama.

The chances of a rate hike in June are less likely following the May jobs report.

A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.