US hiring falls to just 57,000 in June amid elevated inflation

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month's total and a sign companies still have a cautious economic outlook.

The Labor Department said Thursday that the unemployment rate declined to a low 4.2% from 4.3% in May, though the decline mostly occurred because many people out of work gave up looking and were no longer counted as unemployed.


finance.yahoo.com

US hiring falls to just 57,000 in June amid elevated inflation, global turmoil

U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook. The Labor Department said Thursday that the unemployment rate declined to a low 4.2% from 4.3% in May, though the...
finance.yahoo.com finance.yahoo.com
 
The figures suggest companies remain wary of the economy's health, with inflation at a three-year high and consumer confidence near post-pandemic lows. The solid job gains that were initially reported in April and May were also revised lower.

The economy is growing modestly despite ongoing challenges. It expanded at a 2.1% annual pace in the first three months of the year, though some forecasts expect it will slow in the April-June quarter.
 
Guno צְבִי said:
The figures suggest companies remain wary of the economy's health, with inflation at a three-year high and consumer confidence near post-pandemic lows. The solid job gains that were initially reported in April and May were also revised lower.

The economy is growing modestly despite ongoing challenges. It expanded at a 2.1% annual pace in the first three months of the year, though some forecasts expect it will slow in the April-June quarter.
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Or employers are putting their faith in AI to replace workers

Inflation is much more tame under Trump than Biden

I think it is laughable that you guys talk about inflation under Trump while completely ignoring the HUGE rise under Sleepy Joe. You act as if these things happen in four year vacuums.

You are such a partisan hack
 
Yet the unemployment rate dropped to 4.2%......go figure.
" Sector Performance: Gains were driven primarily by professional and business services, social assistance, and healthcare. Conversely, leisure and hospitality employment declined by 61,000."

Nice.
 
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