How many private sector jobs were added in June?

The private sector added 98,000 jobs in June, below May's figure and forecasts.

What is the current US unemployment rate?

Unemployment is near 4.3%, indicating a still-strong labor market despite the slowdown.

How did the ISM Manufacturing PMI impact the market?

The ISM Manufacturing PMI came in at 53.3, signaling expansion, but it did not offset jobs data concerns.

S&P 500 Futures Edge Lower on Cool Jobs Data, Rate Jitters

US stock futures edged lower Friday as investors weighed softer jobs data and rising borrowing costs. The private sector added 98,000 jobs in June, fewer than May and forecasts, while the ISM Manufacturing PMI came in at 53.3.

July 3, 2026

2 min read

Source: Simply Wall St.

Key Numbers

private sector jobs added

98,000

unemployment rate

4.3%

ism manufacturing pmi

53.3

S&P 500 futures edged down about 0.01% on Friday, July 3, 2026, as investors weighed softer US economic data against rising borrowing costs. The US private sector added 98,000 jobs in June, fewer than in May and below forecasts, suggesting hiring is cooling but unemployment near 4.3% still points to a tight labor market.

Possible Reasons

The slight decline in futures is driven by two main factors:

Cooling labor market: Private payrolls added only 98,000 jobs in June, missing expectations and raising concerns about economic slowdown.
Rate hike fears: Rising borrowing costs continue to pressure equities, especially with the Fed expected to maintain a hawkish stance.

Broader Context

Despite the slowdown, the labor market remains resilient with unemployment at 4.3%. The ISM Manufacturing PMI stood at 53.3, indicating expansion in factory activity. This move comes after weeks of volatility on Wall Street.

Similar Moves in the Sector

Global equity markets are also weaker as investors await more economic data. Technology stocks, including KLA Corporation (KLAC), are particularly sensitive to interest rate changes.

Frequently Asked Questions

Futures slipped due to weaker-than-expected US jobs data (98,000 jobs added) and concerns over rising interest rates.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.