US Job Growth Slowed More than Expected in June
Economists expect 100,000 June payroll gains as hiring broadens beyond healthcare and unemployment stays near 4.3%, FactSet said.
- The Bureau of Labor Statistics releases June's jobs report today, providing critical data on whether the U.S. labor market is stabilizing after an 18-month hiring freeze that ended late last year.
- From March through May, employers added an average of 188,000 jobs per month, a significant recovery from the 4,000 average loss recorded late last year through February when hiring stalled.
- FactSet consensus estimates project 100,000 new jobs in June, while ADP's Wednesday report showed private-sector hiring slowed to 98,000 from 122,000 in May, with unemployment holding at 4.3%.
- Long-Term unemployment for those searching 27 weeks or more has risen, indicating that while overall hiring improved, many job seekers continue facing steeper barriers than headline figures suggest.
- Federal Reserve officials are monitoring whether solid job growth prevents the current 3.6% key rate from cooling inflation, which remains well above the Fed's 2% target despite recent gas price declines.
22 Articles
22 Articles
US job growth likely cooled in June after recent string of big gains
U.S. job growth likely slowed to a still-solid clip in June, with the unemployment rate expected to hold steady at 4.3% for a fourth straight month, consistent with a stable labor market. The post US job growth likely cooled in June after recent string of big gains appeared first on West Hawaii Today.
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U.S. Job Growth Expected to Slow in June While Labor Market Remains Resilient Ahead of Fed Decision
U.S. job growth is expected to cool in June, but economists believe the labor market remains healthy enough to support continued economic expansion. While hiring is forecast to slow compared with previous months, the unemployment rate is projected to remain unchanged at 4.3% for the fourth consecutive month, reinforcing the view that employment conditions remain stable despite ongoing economic uncertainties.
Associated Press News
Is hiring picking up in the US? Thursday's report will help illustrate trends
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