US Labor Market Shows Signs of Slowing as Unemployment Rate Rises to 4.1%
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#894bba84 ver:2.34
The US labor market shows signs of slowing as the unemployment rate rises to 4.1%. Despite adding 206,000 jobs in June, exceeding expectations, the retail sector experienced a decline in employment. Wage growth also slowed down. The mixed employment data and cooler wage growth could prompt the Federal Reserve to consider rate cuts in September and December. The rise in unemployment rates and the onset of a recession historically lead to policy adjustments aimed at stimulating economic growth and mitigating job losses. President Joe Biden faces challenges in convincing the public of his economic policies. The US jobs growth in June exceeded expectations, but analysts believe these figures could bring the US central bank closer to cutting rates later this year. The US economy added 206,000 jobs in June, reflecting the resilience of America's consumer-driven economy. The jobless rate increased to 4.1% as the number of people looking for work outpaced new job creation. The mixed employment data and cooler wage growth could prompt the Federal Reserve to consider rate cuts in September and December. The US unemployment rate has risen to 4.1%, the highest level since October 2021. Nonfarm payrolls increased by 206,000 jobs in June, with job gains in the sectors of government, healthcare, social assistance, and construction. The report suggests a slackening labor market and could lead the Federal Reserve to cut interest rates soon. The US labor market is showing signs of slowing down as the unemployment rate climbs to 4.1%. In June, nonfarm payrolls increased by 206,000, with government and healthcare services hiring accounting for about three-quarters of the gain. However, job gains in May were revised down to 218,000 from 272,000. The report suggests a slackening labor market and could lead the Federal Reserve to cut interest rates soon....
#newstr #UsLaborMarket #UnemploymentRate #FederalReserve #InterestRates #NonfarmPayrolls #WageGrowth
https://here.news/story/894bba84?ver=2.34
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2024-07-05 20:57:14
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npub1gf7qf7c4ayuyrakj9m89dh2a38mpjzfj94rj5lcm4285svyr4npsuux4jvPublished at
2024-07-05 20:57:14Event JSON
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"content": "US Labor Market Shows Signs of Slowing as Unemployment Rate Rises to 4.1%\n===============\t\n#894bba84 ver:2.34\n\nThe US labor market shows signs of slowing as the unemployment rate rises to 4.1%. Despite adding 206,000 jobs in June, exceeding expectations, the retail sector experienced a decline in employment. Wage growth also slowed down. The mixed employment data and cooler wage growth could prompt the Federal Reserve to consider rate cuts in September and December. The rise in unemployment rates and the onset of a recession historically lead to policy adjustments aimed at stimulating economic growth and mitigating job losses. President Joe Biden faces challenges in convincing the public of his economic policies. The US jobs growth in June exceeded expectations, but analysts believe these figures could bring the US central bank closer to cutting rates later this year. The US economy added 206,000 jobs in June, reflecting the resilience of America's consumer-driven economy. The jobless rate increased to 4.1% as the number of people looking for work outpaced new job creation. The mixed employment data and cooler wage growth could prompt the Federal Reserve to consider rate cuts in September and December. The US unemployment rate has risen to 4.1%, the highest level since October 2021. Nonfarm payrolls increased by 206,000 jobs in June, with job gains in the sectors of government, healthcare, social assistance, and construction. The report suggests a slackening labor market and could lead the Federal Reserve to cut interest rates soon. The US labor market is showing signs of slowing down as the unemployment rate climbs to 4.1%. In June, nonfarm payrolls increased by 206,000, with government and healthcare services hiring accounting for about three-quarters of the gain. However, job gains in May were revised down to 218,000 from 272,000. The report suggests a slackening labor market and could lead the Federal Reserve to cut interest rates soon....\n\n#newstr #UsLaborMarket #UnemploymentRate #FederalReserve #InterestRates #NonfarmPayrolls #WageGrowth \n\n https://here.news/story/894bba84?ver=2.34",
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