US adds 224,000 jobs, beats expectations
US job gains bounced back in June, with employers adding 224,000 jobs, according to Labor Department data released Friday.
The job additions surpassed economists' forecasts of a gain of about 160,000. This is a clear improvement from last month's report, which showed job gains of 75,000 in May, well below expectations of 165,000.
Professional services sector led the way with 51,000 job additions in June, while health-care providers added 35,000 jobs and transportation and warehouse companies added 24,000.
Construction companies hired 21,000 workers and manufacturers added 17,000 jobs.
Retail sector, however, shed another 6,000 jobs.
The U.S. unemployment rate for June, however, increased slightly to 3.7% from 3.6%.
SPY in upward trend: price rose above 50-day moving average on April 08, 2026
SPY moved above its 50-day moving average on April 08, 2026 date and that indicates a change from a downward trend to an upward trend. In of 38 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 06, 2026. You may want to consider a long position or call options on SPY as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on April 02, 2026. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for SPY crossed bullishly above the 50-day moving average on April 15, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 362 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 438 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPY broke above its upper Bollinger Band on May 06, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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