Daily Three: Nonfarm Payrolls Add 287k, WTO Trade Volume Gage Released At 99.0 Vs. 100.0 Stagnation And Consumer Credit Rises $18.6 Billion
- The U.S. created 287,000 jobs according to the nonfarm payroll June release, obliterating analyst expectations of 175,000 job additions. CNBC
- The World Trade Organization released a new forward looking indicator to forecast global trade volume a few months in advance with inception data pointing to a slight slowdown. The Wall Street Journal
- Consumer credit for the month of May grew at a seasonally adjusted annual rate of 6.2%,which is now being watched closely for hope that the consumer will drive Q2 GDP higher. MarketWatch