A major reason for the market downturn was the publication of the US Employment Situation Summary on June 7. The data indicated that 272,000 people found employment in the US in May, surpassing forecasts. Nevertheless, the unemployment rate also saw a slight uptick from 3.9% to 4.0%, creating a conflicting picture of the economy’s well-being. While the surge in employment suggested a robust job market, the increase in unemployment prompted worries. Visit NEWSLINKER for the most recent technology updates.
