Bullish
U.S. Non-Farm Jobs Revised Down 103,000 for May-June
2026-08-07 20:32
BLS cuts May-June job estimates by 103k, triggering a 30-point DXY drop and pushing gold to $4,400.
Woofun AI data shows that the U.S. Bureau of Labor Statistics revised May non-farm payrolls down from 129,000 to 63,000 and June figures from 57,000 to 20,000. This adjustment reduced the combined total by 103,000 jobs compared to prior estimates.
The labor data revision caused the DXY to decline by nearly 30 points, settling at 99.67.
Concurrently, New York gold prices rose 2.36% to reach $4,400 per ounce.
WOOFUN AI
Impact Assessment · Quick Read
The significant downward revision in U.S. labor data weakens the case for aggressive monetary policy, likely pressuring the dollar further. The sharp drop in DXY and surge in gold suggest markets are repricing rate-cut expectations. Crypto assets may benefit from the resulting liquidity optimism and dollar weakness, though volatility remains high.
Generated by WOOFUN AI · For reference only, not investment advice
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