America In Focus: Consumers Still Gloomy About Economy; US Hiring Falls in June
The labor market cooled as the biggest leisure and hospitality payroll decline since 2020 offset earlier job gains, while investors cut Fed rate-hike bets.
6 Articles
6 Articles
America In Focus: consumers still gloomy about economy; US hiring falls in June
Americans’ attitudes toward the economy improved slightly this month as gas prices declined, but their outlook is still mostly negative by historical standards.
Job Growth Moderates in June, Easing Fears of Interest Rate Hike
Monthly job growth remained above its 12-month average in June, but softened enough to ease concerns that the Federal Reserve might increase interest rates, the Commerce Department’s latest employment report shows. Seasonally-adjusted total nonfarm payroll employment added 57,000 jobs, short of analysts’ expectations, but higher than the 36,000 average monthly job growth over the prior 12 months, according to the report. And, even with downward …

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