"The report on strong jobs this month is undoubtedly uplifting after seeing such disappointing numbers in May and shows that there is still a lot to do in the labor market," said Steve Rick, Chief Economist at CUNA Mutual Group in a report on Friday morning. "The economy is still healthy today, despite some concerns arising from fluctuating, more volatile markets."
The sharp increase in employment growth – with only 72,000 new jobs added in May, according to revised figures released on Friday ̵
According to Friday's job report, the probability of a half point dropped to 6%.
"The Federal Reserve's conspiracy at the end of this month is worsening," said Mark Hamrick, Senior Economic Analyst at Bankrate.com, in a report.
However, it is highly unlikely that the Fed will be stuck at its next meeting. Investors remain concerned about the US multi-front trade war and its impact on the economies of China and Europe.
Hamrick said the Fed "could still try to appease investors by making a modest, so-called" cut in insurance ", the numerous headwinds associated with a slowdown in global growth, trade disputes and tariffs not settled. "  Investors still believe that the likelihood of a Federal rate cut on 31 July is at least a quarter of a point at 100%.
However, the lower likelihood of a sharp rate cut has strengthened bank stocks, as higher interest rates boost the profitability of the US Federal Reserve bank lending operations.
Bond yields rose as well as after the job report. The prime rate for the 10-year US Treasury rose again above 2%. The US dollar also rose, which tends to be the case according to sound domestic reports.