The U.S. Labor Department released the jobs report for the month of June, where the Non-farm payrolls showed that 18 thousand jobs were added in June compared with the prior revised estimate of 25 thousand jobs and well below estimates of 105 thousand, while the unemployment rate climbed unexpectedly to 9.2 percent from 9.1 percent.

Average hourly earnings reading came flat, compared with the prior rise of 0.3% and estimates of 0.2%, while compared with a year earlier, average hourly earnings remained unchanged from the prior revised estimate at 1.9% while also in line with expectations. Average weekly hours declined faintly in June to 34.3, compared with the prior and expected estimate of 34.4.