analyst: Considering the World Cup factor, the non-farm payroll report came as a surprise

Odaily Planet Daily reports that Investinglive analyst Adam Button pointed out that the US non-farm payrolls increased by 57,000 in June, lower than the expected 110,000. This report is disappointing. The unemployment rate fell to 4.2%, which looks good on the surface, but the labor force participation rate dropped by 0.3 percentage points. Specifically, considering the impact of the World Cup, the decrease of 55,000 in the accommodation/food service industry is indeed surprising. This is completely contrary to people's expectations and the predictions of economists' models. (Jinshi Data)