Jul 2, 2026 results board

A labor-led U.S. board: six scheduled U.S. releases had posted by 10:00 a.m. ET, with two beats, one miss, and three in-line prints against the MarketWatch/Dow Jones calendar median. The payroll print was the market-mover: +57K jobs versus a +115K calendar forecast. 1

1. Scoreboard. Payrolls were the clear miss, but the first market read was rate-dovish rather than recession-panic: S&P futures were higher, Treasury yields fell, and the dollar weakened shortly after the report. 2

2. U.S. results rows. Payrolls came in at +57K versus +115K forecast; unemployment fell to 4.2% versus 4.3%; wages matched expectations; initial claims were lower than forecast; factory orders matched the MarketWatch median at -1.3%. 1

3. The number that mattered. The Bureau of Labor Statistics reported +57K nonfarm payrolls, 4.2% unemployment, a 61.5% labor-force participation rate, -61K leisure and hospitality jobs, and -74K combined revisions to April and May payrolls. 3 Reuters reported that the miss led traders to reduce near-term Fed hike expectations. 4

4. Rest of the world. The notable foreign rows were Australia trade balance, Swiss CPI, eurozone unemployment, Canada manufacturing PMI, and Japan monetary base. Australia trade and Japan monetary base missed consensus; Swiss CPI year over year was in line; eurozone unemployment beat at 6.2% versus 6.3%; Canada manufacturing PMI edged up to 53.0. 5

5. Tomorrow's setup. Friday, July 3 has no major U.S. economic reports scheduled because of the July 4 holiday. The next U.S. setup starts Monday with final services PMI and ISM services, followed by Fed minutes on Wednesday. 1

No investment advice. This deck is a results recap for investors who want to see what came in, how it compared with consensus, and the first market read.