{"id":2617,"date":"2021-06-30T17:03:22","date_gmt":"2021-06-30T17:03:22","guid":{"rendered":"http:\/\/www.wealthatwork.co.uk\/jpm\/?p=2617"},"modified":"2021-06-30T17:03:22","modified_gmt":"2021-06-30T17:03:22","slug":"market-update-30th-june-2021","status":"publish","type":"post","link":"https:\/\/www2.wealthatwork.co.uk\/jpm\/2021\/06\/30\/market-update-30th-june-2021\/","title":{"rendered":"Market Update &#8211; 30th June 2021."},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_raw_html]JTNDaWZyYW1lJTIwd2lkdGglM0QlMjI1NjAlMjIlMjBoZWlnaHQlM0QlMjIzMTUlMjIlMjBzcmMlM0QlMjJodHRwcyUzQSUyRiUyRnd3dy55b3V0dWJlLmNvbSUyRmVtYmVkJTJGR3RRaGdnVDZ3dkUlM0ZyZWwlM0QwJTIyJTIwdGl0bGUlM0QlMjJZb3VUdWJlJTIwdmlkZW8lMjBwbGF5ZXIlMjIlMjBmcmFtZWJvcmRlciUzRCUyMjAlMjIlMjBhbGxvdyUzRCUyMmFjY2VsZXJvbWV0ZXIlM0IlMjBhdXRvcGxheSUzQiUyMGNsaXBib2FyZC13cml0ZSUzQiUyMGVuY3J5cHRlZC1tZWRpYSUzQiUyMGd5cm9zY29wZSUzQiUyMHBpY3R1cmUtaW4tcGljdHVyZSUyMiUyMGFsbG93ZnVsbHNjcmVlbiUzRSUzQyUyRmlmcmFtZSUzRQ==[\/vc_raw_html][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]We have had an uneventful start to the week as global equity markets wait for Friday\u2019s (2 July 2021) US employment data.<\/p>\n<p>While the US economy is recovering strongly, the US employment market has not only lagged, but the data readings have recently disappointed.\u00a0 For example, April showed only 278,000 jobs were added versus expectations of 1m, while March\u2019s gains were revised downwards by 131,000 jobs and May\u2019s reading came in 116,000 below consensus estimates.<\/p>\n<p>However, we believe that these disappointing data readings have been caused by labour supply rather than a lack of job openings \u2013 and given US unemployment benefits are starting to end, coupled with the easing of lockdown restrictions, we are expecting that Friday\u2019s data reading will show a large gain in jobs as Americans, need and can, start to re-enter the labour force.<\/p>\n<p><strong>Investment Management Team<\/strong>[\/vc_column_text][\/vc_column][\/vc_row]\n  <\/div> ","protected":false},"excerpt":{"rendered":"<p>We have had an uneventful start to the week as global equity markets wait for Friday\u2019s (2 July 2021) US employment data.<\/p>\n","protected":false},"author":1,"featured_media":2620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/2617"}],"collection":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/comments?post=2617"}],"version-history":[{"count":1,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/2617\/revisions"}],"predecessor-version":[{"id":2619,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/2617\/revisions\/2619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/media\/2620"}],"wp:attachment":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/media?parent=2617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/categories?post=2617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/tags?post=2617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}