Weak U.S. jobs report triggers global market rally and dollar decline

The United States added only 57,000 jobs in June, far fewer than the 115,000 analysts had forecast. The figures, released on 3 July 2026, pushed global markets sharply higher as investors grew less worried about further interest rate rises from the Federal Reserve. The chance of a Fed rate hike fell to around 20 percent after the data came out.

Stock markets climbed internationally, with technology shares performing particularly well. The US dollar lost value against other currencies, which is a typical reaction when rate rise expectations fall. Oil prices also dropped on the day.

In South Korea, the stock market rose, though the won weakened against the dollar. The country also announced that round-the-clock trading in the won would soon begin. The unemployment rate in the US came in at 4.2 percent, slightly better than expected.