Mixed Results in Unemployment Rates for Arkansas, Illinois, Russia, and the US on Nostr: US Employers Add 206,000 Jobs in June, Reflecting Resilience of Consumer-Driven ...
US Employers Add 206,000 Jobs in June, Reflecting Resilience of Consumer-Driven Economy
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#894bba84 ver:2.39
US employers added 206,000 jobs in June, reflecting the resilience of America's consumer-driven economy. The unemployment rate rose slightly to 4.1%, but wage growth slowed down. The mixed employment data and cooler wage growth could prompt the Federal Reserve to consider rate cuts in September and December. Investors are pricing in a nearly 75% chance of a rate cut in September. 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 and could bring the US central bank closer to cutting rates later this year. The US labor market is showing signs of slowing down as the unemployment rate climbs to 4.1%. The report suggests a slackening labor market and could lead the Federal Reserve to cut interest rates soon. The US economy added 206,000 nonfarm payrolls in June, surpassing the forecast but falling short of May's gain. The unemployment rate unexpectedly climbed to 4.1%, its highest level since October 2021. Federal Reserve officials are closely watching these labor market developments as they contemplate their next moves on monetary policy....
#newstr #UsEmployers #JobGains #UnemploymentRate #WageGrowth #EconomicOutlook #FederalReserve #EconomicExpansion
https://here.news/story/894bba84?ver=2.39
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#894bba84 ver:2.39
US employers added 206,000 jobs in June, reflecting the resilience of America's consumer-driven economy. The unemployment rate rose slightly to 4.1%, but wage growth slowed down. The mixed employment data and cooler wage growth could prompt the Federal Reserve to consider rate cuts in September and December. Investors are pricing in a nearly 75% chance of a rate cut in September. 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 and could bring the US central bank closer to cutting rates later this year. The US labor market is showing signs of slowing down as the unemployment rate climbs to 4.1%. The report suggests a slackening labor market and could lead the Federal Reserve to cut interest rates soon. The US economy added 206,000 nonfarm payrolls in June, surpassing the forecast but falling short of May's gain. The unemployment rate unexpectedly climbed to 4.1%, its highest level since October 2021. Federal Reserve officials are closely watching these labor market developments as they contemplate their next moves on monetary policy....
#newstr #UsEmployers #JobGains #UnemploymentRate #WageGrowth #EconomicOutlook #FederalReserve #EconomicExpansion
https://here.news/story/894bba84?ver=2.39