Situational Awareness
🗓️ Jobs Day is the master switch — and the print was soft. June nonfarm payrolls came in at +57,000, well below the ~110K consensus and the weakest in four months — and May was revised down to 129K from 172K. Unemployment ticked down to 4.2% (from 4.3%), but for the wrong reason: the labor force shrank as people left it, not becaus…
