Puru Saxena: Nonfarm payrolls rise by 57,000 as jobs market cools

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02.07.2026

Puru Saxena: Nonfarm payrolls rise by 57,000 as jobs market cools — Nonfarm payrolls growth slows sharply

Puru Saxena, investment commentator and ex-fund manager at FinTwit, reports that nonfarm payrolls increased by 57,000, below the consensus estimate of 110,000.

Saxena suggests that a cooling jobs market may prompt the Federal Reserve to keep rates on hold, which he views as positive for equities. He also notes that lower bond yields could benefit growth stocks, which are considered long duration assets.

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Saxena has previously commented on market volatility following sudden moves in equities. Earlier, he analyzed a 9 percent drop in KOSPI that triggered a trading halt. He also covered a 10 percent decline in KOSPI futures marked by sharp reversals.

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