We analyze the latest macro data on the US labor market, released this hour.

- Average hourly wage (June) - 0.3% with a forecast of 0.3% and the previous figure of 0.4%.

- Change in the number of people employed in the non-agricultural sector (June) - 206 thousand, with a forecast of 191 thousand and the previous figure of 218 thousand.

- Unemployment rate (June) - 4.1% with a forecast of 4.0% and the previous figure of 4.0%.

In short: there is no inflationary pressure from wages, the labor market is weakening, but not at the rate that was expected. In general, the data is positive for risky asset markets.

Separately, we note that the unemployment rate in the United States today is the highest since November 2021. 

This indicator is the most problematic for the Biden and Co. Administration. On the one hand, the US Federal Reserve needs to see that the labor market is “cooling down” and how the inflationary factor is weakening. On the other hand, demonstrating an increase in unemployment before the US presidential election is a so-so achievement in the framework of the election campaign.

The#BTCrate on the publication of data showed negative dynamics (which is difficult to explain, the data for the markets is rather positive), but we are talking about local movement. The entire five-minute candle from high to low is 1.7%.