Treasury Yields Are Lower This Morning, Amid Renewed Hopes of Interest Rate Cuts After Jobs Data

The unemployment rate rose to higher-than-expected 4.1% in June, and while the 206,000 jobs added came in slightly above estimates, wage growth tapered off, per the Labor Department.

U.S. stock futures are indicating a slightly positive open on Friday, as traders digest the latest jobs report and await updates on the trade front.

On Thursday, the Dow Jones Industrial Average (DJIA) fell 10.34 points, to 27,376.43, while the S&P 500 Index (SPX) gained 3.03 points, to 3,019.64. The Nasdaq-100 Index (NDX) added 13.04 points, to 9,003.03.

The Labor Department reported that the unemployment rate rose to 4.1% in June, higher than the 3.9% anticipated by economists surveyed by Dow Jones.

Meanwhile, nonfarm payrolls rose by 206,000 last month, slightly above the 200,000 jobs addition forecast, but down from the upwardly revised 224,000 jobs created in May.

However, wage growth tapered off in June, with average hourly earnings rising by 0.2%, below the 0.3% gain expected and following a revised 0.4% increase in May.

The unemployment rate and wage growth are two key factors that the Federal Reserve is watching closely as it decides whether to cut interest rates later this month.

With a tighter labor market and wages cooling, Wall Street appears on the verge of a "Goldilocks" market, where the economy isn't expanding or contracting by a large margin.

At last check, futures on the Dow were up 15 points, futures on the S&P 500 were trading higher by 2 points, and futures on the Nasdaq-100 were gaining 5 points.

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