US hiring slows more than expected in sign of cooler market
==========
The United States added 175,000 jobs in April, missing analyst expectations significantly. The unemployment rate edged slightly higher from 3.8 percent in March to 3.9 percent last month. While hiring has decelerated, the number of jobs added in April remains well above 100,000. Wage growth came in at 0.2 percent in April, slipping below 4.0 percent for the first time since 2021. The Federal Reserve is ready to respond to an unexpected weakening in the jobs market. The underlying economic story is that businesses, especially small, bank-dependent firms, are feeling the pressure from sustained high real interest rates.
#UsEconomy #JobMarket #Unemployment #WageGrowth #FederalReserve
https://finance.yahoo.com/news/us-hiring-slows-more-expected-131254476.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-03 16:05:49
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-03 16:05:49Event JSON
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"content": "US hiring slows more than expected in sign of cooler market\n==========\n\nThe United States added 175,000 jobs in April, missing analyst expectations significantly. The unemployment rate edged slightly higher from 3.8 percent in March to 3.9 percent last month. While hiring has decelerated, the number of jobs added in April remains well above 100,000. Wage growth came in at 0.2 percent in April, slipping below 4.0 percent for the first time since 2021. The Federal Reserve is ready to respond to an unexpected weakening in the jobs market. The underlying economic story is that businesses, especially small, bank-dependent firms, are feeling the pressure from sustained high real interest rates.\n\n#UsEconomy #JobMarket #Unemployment #WageGrowth #FederalReserve\n\nhttps://finance.yahoo.com/news/us-hiring-slows-more-expected-131254476.html",
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