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 +0.95% Uptrend, growing for three consecutive days on July 17, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SPY advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 429 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 Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on July 15, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 June 26, 2025. 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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