Olu Omodunbi says today's better-than-expected jobs report shows a U.S. labor market that's "good, not great." While the headline number beat expectations, with 147,000 jobs added in June, he notes some challenges underneath, including a high number of people working part-time. Amy Glaser is more bullish, citing strength in hiring in sectors like healthcare and hospitality. Omodunbi expects the Fed to keep rates on hold until at least September, citing a wait-and-see approach to assessing the impacts of tariffs and other economic factors.

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