The "huge surprise" in employment data prompted traders to re-evaluate the possibility of a September rate hike by the Federal Reserve. The U.S. Bureau of Labor Statistics also revised down June's data to an increase of 20,000 jobs, while the unemployment rate fell from 4.2% to 4.1%. Analysts pointed out that a weak employment report could lead the market to completely rule out a September rate hike, trigger a decline in the dollar and a rise in precious metals, thereby benefiting risk assets. Despite the drop in the unemployment rate, some analysts believe this might be influenced by a decrease in the labor force participation rate, rather than a genuine strengthening of the labor market.