Part 4/5:
In terms of underemployment, the U-6 rate maintained at 7.5%, which mirrors last month’s figures and is the lowest level identified since June of last year. Continuous rates at this level indicate persistent challenges regarding job quality and full employment in the market.
Market Reactions
In the wake of these employment figures, the bond markets exhibited volatility, particularly in U.S. Treasury yields. The yield on the 10-year note exhibited brief fluctuations, dropping to around 4.38% before rebounding to approximately 4.47%. Meanwhile, the two-year note also experienced similar movements, reflecting the market's adjustment to the new data.