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The U.S. economy created 206,000 new jobs in June, edging out expectations from Dow Jones economists. Still, new entries into the workforce sent the unemployment rate leaping to its highest percentage since 2021.
The June jobs report came in at 206K, higher than expected, though it also showed that nearly a third of those jobs were in government, while April and May reports were revised down
By Ann Saphir (Reuters) -Federal Reserve policymakers got more evidence of labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the path to a more active debate on interest-rate cuts when they next meet in late July.
America's employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy's ability to withstand continually high interest rates.
The economy added 206,000 jobs last month, according to fresh government data, but unemployment inched above 4% for the first time in over two years.
U.S. job growth slowed marginally in June, but a rise in the unemployment rate to more than a 2-1/2-year high of 4.1% and moderation in wage gains pointed to an easing of labor market conditions that keeps the Federal Reserve on track to start cutting interest rates this year.
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,
New data from the Bureau of Labor Statistics shows that jobs growth has moderated to 206,000 positions in June.
Canada's economy unexpectedly lost a net 1,400 jobs in June, while the unemployment rate increased more-than-expected to a 29-month high of 6.4%, data showed on Friday. Analysts polled by Reuters had forecast a net gain of 22,
The U.S. labor market is softening modestly, in a manner consistent with an economic slowdown, according to LPL Financial’s Jeffrey Roach. “The unemployment rate rose to 4.1%, the highest since 2021,” said Roach,
Huntington Private Bank chief economist Olu Omodunbi says the jobs report shows a slowing in the labor market on 'The Claman Countdown.'
Federal Reserve policymakers got more evidence of U.S. labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the path to a more active debate on interest-rate cuts when they next meet in late July.
June payrolls were solid, but down slightly from May, while wage inflation slipped a few notches. Both continued trending toward what Powell has called ‘sustainable’ levels.
The Sahm rule, named for economist Claudia Sahm who discovered it, says that when the three-month average unemployment rate rises to 0.5% above the low point of the prior 12 months, a recession would follow.
America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. Last month’s job growth did mark a pullback from 218,
Unemployment remains low as monthly Labor Department figures indicate continued strength, though signs of slowing are creeping in at the margins.
The big takeaways of Friday's official jobs report are the big downward revisions of 111,000 for May and April, along with the rise in the unemployment rate to 4.1% in June, according to Chris Low, chief economist at FHN Financial in New York.
Employers added 206,000 jobs in June, while the number of jobs created in May was revised down to 218,000 from the previous estimate of 272,000. The US unemployment rate edged up to 4.1%, while wage growth rose at its slowest for three years.
Labour market shows signs of cooling as jobless rate increases to 4.1% in June and recent jobs growth is revised lower
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 labor market is showing signs of weakness, with employers easing hiring and a rising share of jobless Americans. Why it matters: The June jobs report offers the clearest sign yet that the economy is losing momentum.
The US economy added 206,000 jobs in June, the Bureau of Labor Statistics reported Friday, easing from a downwardly revised May tally of 215,000 jobs . The unemployment rate moved a little higher, up 0.
Meanwhile, education accounted for 17,200 of the jobs added in the government sector. Both state and local governments added jobs outside of education, as well. Professional and b
The unemployment rate surprisingly moved up to 4.1% from 4.0% in May. April job numbers were lowered by 57,000, while the May figure was adjusted downward by 54,000 positions. Friday's data is closely watched by the Federal Reserve as it considers when to start cutting its benchmark interest rate.
Before this morning's jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool.
Unemployment is going up. The new jobs report shows the national rate is 4.1%. Last year, it was 3.4%. In June, the Labor Department reported 206,000 jobs
The American job market gave off mixed signals with its June jobs report, but all in all, if I owned that report, I’d be proud of it.
Solid wage growth, an unemployment rate just over 4% and the quits rate back to its pre-pandemic level are signs of a stable labor market.
On the minds of voters this summer is how much things cost and on the heels of July 4th there are signs the economy is slowing.
Producers of metals and other raw materials rose after June jobs data supported the case for a Federal Reserve rate cut in the coming months. U.S. employers added 206,000 workers to payrolls in June,
The unemployment rate rose to 4.1% as more people entered the labor force, and average hourly earnings cooled.
The June jobs report revealed a healthy addition of 206,000 jobs, but also indicated a significant cooling off in the labor market. "If you're rooting for the Fed to start cutting interest rates, this was a very good jobs report,
The June jobs report shows the unemployment rate ticked up to 4.1%, the first time it has been above 4% since late 2021.
The June jobs report showed that the economy added slightly more jobs than expected but provided some signs that the labor market continued to cool. Here’s a selection of reactions from strategists an
June employment data showed cooling trend in US labor market with downward revisions, rise in unemployment rate, and expected rate cut by Fed.
The uptick in the June unemployment rate along with significant downward revisions in the job additions for April and May are the latest signs that the economy may be slowing down under high Federal Reserve interest rates.
The U.S. economy added 206,000 jobs in June, according to the labor department. What should we make of this data?
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 as policymakers hope.
The labor market has remained surprisingly resilient as the Federal Reserve maintains two-decade high interest rates.
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Slower hiring and a rise in the unemployment rate up the odds of the Fed easing more than once before year-end, experts say.
The rate of job growth moderated in June while May figures were revised downward — a trend that Wall Street analysts view as a positive sign that the Federal Reserve will slash interest rates later this year.
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,