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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.
U.S. employment increased solidly in June, but government hiring accounted for more than a third 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 this year.
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
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.
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.
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. 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 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,
The economy added 206,000 jobs in June, above the forecast. The US unemployment rate is unexpectedly now above 4%.
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.
New data from the Bureau of Labor Statistics shows that jobs growth has moderated to 206,000 positions in June.
The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation. When the Labor Department issues the latest jobs report Friday,
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.
The June jobs report from the Labor Department showed employers added 206,000 roles, down from the 218,000 gained in May.
Canada's economy lost a net 1,400 jobs in June, entirely in full-time work, and the jobless rate climbed to 6.4%, Statistics Canada data showed on Friday.
June jobs report shows strong employment growth but slower wage increases, supporting expectations for upcoming interest rate cuts.
U.S. employers added 206,000 jobs in June as hiring held steady despite persistent inflation and high interest rates. But the employment picture was mixed at best as job gains for April and May were revised down by a hefty 111,
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.
At 8:30 a.m. ET Friday, the Bureau of Labor Statistics (BLS) will publish June payroll data. Consensus estimates forecast the US added 190,000 nonfarm jobs last month, per FactSet, lower than the 272,
But many economists say the labor market is in a sensitive place. Layoffs are near record lows, but a key measure known as the hiring rate — which tracks the number of hires dur
The Bureau of Labor Statistics is set to release the monthly jobs report on Friday at 8:30 am ET. Expectations are for 190,000 jobs to have been added in June, with the unemployment rate holding at 4%.
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.
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 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 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.
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.
The economy added 206,000 jobs in June, and the unemployment rate rose a tenth of a percentage point to 4.1%, the Bureau of Labor Statistics reported on Friday. Investors had expected roughly 190,000 new jobs and for the unemployment rate to hold steady at 4%.
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.