Daily Market Update 7/7/17

Rates were little changed Friday following today’s employment data as solid job gains were offset by a shortfall in wage growth.  The economy added 222,000 jobs in June, well above the consensus forecast for an increase of 175,000.  The Unemployment Rate rose to 4.4%, largely due to workers entering the labor force.  Average Hourly Earnings increased 0.2%, a bit below expectations, and were 2.5% higher than one year ago.  Stocks moved higher.  No other key data will be released today.

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