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U.S. employers continued to hire workers at a solid pace according to the June jobs report even as readings from April and May were revised lower, a sign that could please the Federal Reserve.
U.S. job growth slowed to a still-healthy pace in June, with the unemployment rate rising to 4.1%, increasing the chances that the Federal Reserve will be able to tame inflation without tipping the economy into recession.
The economy added 206,000 jobs in June, above the forecast. The US unemployment rate is unexpectedly now above 4%.
The U.S. jobs market cooled in June but remains solid, raising the odds that the Federal Reserve will be able to curtail inflation without pushing the economy into a downward spiral. Nonfarm payrolls rose by 206,
U.S. job growth likely slowed to a still-healthy pace in June, with the unemployment rate holding steady at 4%, increasing the chances that the Federal Reserve will be able to tame inflation without tipping the economy into recession.
Forecasters expect a monthly report on US employment to show a step-down in hiring in June alongside a moderation in wage growth.
The Bureau of Labor Statistics reported the US economy added 206,000 jobs in June. Follow the latest news here.
A gain of 206,000 in June exceeded forecasts. Hiring was concentrated in a few parts of the economy, however, and unemployment rose to 4.1 percent.
The U.S. economy added 206,000 jobs in June, the Labor Department said on Friday. Why it matters: Job gains were in line with economists' expectations, but the report showed signs the labor market is cooling off.
Economists don’t believe job gains will fall off a cliff when the Bureau of Labor Statistics releases employment data for June at 8:30 am ET on Friday.
U.S. job growth slowed to a still-healthy pace in June, with the unemployment rate rising to 4.1%, increasing the chances that the Federal Reserve will be able to tame inflation without tipping the economy into recession.
Before this morning's jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool.
U.S. employment increased solidly in June, but government and healthcare services hiring made up about three-quarters of the payrolls gain and the unemployment rate hit a 2-1/2-year high of 4.1%, pointing to a slackening labor market that keeps the Federal Reserve on course to start cutting interest rates soon.
A closely watched report released by the Labor Department on Friday showed employment in the U.S. jumped by more than expected in the
US job gains eased slightly in June while unemployment edged up, government data showed Friday, in a sign that the world's biggest economy is cooling steadily.
The U.S. job market remains healthy, but a new report shows unemployment has ticked up slightly. Yahoo Finance
US job gains eased slightly in June while unemployment edged up, government data showed Friday, in the latest sign that the world's biggest economy is cooling as policymakers hope.
The U.S. economy added 206,000 jobs in June and the unemployment rate rose slightly to 4.1 percent, according to Labor Department data released Friday. The latest jobs numbers are are largely in line with expectations that the economy would add 190,
The labor market has remained surprisingly resilient as the Federal Reserve maintains two-decade high interest rates.
U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%,
U.S. employers added 206,000 jobs in June — a modest slowdown from the previous month. The unemployment rate inched up to 4.1%.
The U.S. added 206,000 nonfarm payroll jobs in June as the unemployment rate ticked up to 4.1%, according to Bureau of
Abu Hanifah U.S. nonfarm payrolls rose by 206K in June, surpassing the 191K consensus and a slower pace than the 218K notched in May, which was
The U.S. labor market continues to beat expectations, with employers adding more jobs than economists and analysts expected to see in June. The U.S. added 206,000 nonfarm jobs last month, according to Bureau of Labor Statistics data released Friday.