July 2, 2026
United States:
US Hiring Slows Sharply, Curbing Recent Job-Market Momentum
US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year.
Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months took some of the shine off recent blockbuster reports, Bureau of Labor Statistics data Thursday showed. The unemployment rate fell to 4.2% as labor force participation plunged.
Europe:
UK Consumer Loan Default Gauge Jumps to Highest Since 2009
A gauge measuring Britons defaulting on credit cards and other unsecured loans has hit its highest level since the financial crisis, a sign of growing pressure on household finances.
The proportion of lenders saying default rates rose over the previous three months outnumbered those reporting declines by 34 percentage points, a survey by the Bank of England showed on Thursday.
Asia:
Sliding Yen, Robust Economy Give BOJ More Grounds for Early Hike
The Bank of Japan has an increasingly strong case to consider an early rate hike as business activity remains robust and the tumbling yen threatens to spur inflation above its price target.
Until recently, economists generally saw the central bank hiking rates about every six months, which would put the next move in December. But now markets are pricing in a solid chance — over 60% — that another increase could come by October.
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