• US Payroll Growth Slows and Jobless Rate Ticks Up to 4.1%

    From Bidenomics@21:1/5 to All on Sat Jul 6 14:16:51 2024
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    Payrolls rose 206,000 in June after steep downward revisions

    Unemployment rate climbed to highest since November 2021

    US hiring and wage growth stepped down in June while the jobless rate rose
    to the highest since late 2021, bolstering prospects that the Federal
    Reserve will begin cutting interest rates in coming months.

    Nonfarm payrolls rose by 206,000 and job growth in the prior two months was revised down by 111,000, the Bureau of Labor Statistics said Friday. The
    median forecast in a Bloomberg survey of economists called for a 190,000 increase.

    https://www.bloomberg.com/news/articles/2024-07-05/us-payroll-growth-slows- and-jobless-rate-ticks-up-to-4-1? utm_source=newsshowcase&utm_medium=gnews&utm_campaign=CDAqEAgAKgcICjDi7PAKMI XduwIw_7GIAw&utm_content=rundown&gaa_at=g&gaa_n=AWsEHT4fxEXmO0S2oo1k7ekbb8f_ 9LDMv_JiEE0elF1ZUXG007m5suvfuyXegDrah2voy6V0t7T25w%3D %3D&gaa_ts=6688375c&gaa_sig=Fy8UZTMBboTVkIt1DaWWOAWqG95ywdcaENX2nrcD8DKGBS8W 7kJgrQfNX3tIGokzamNuRvVwYaEUpxS9qlP2HQ%3D%3D

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