Time to wrap up… US job growth slowed in June as employers added 57,000 new jobs – just about half of what economists had predicted – and the Bureau of Labor Statistics revised its figures from the past two months down by a total of 74,000. The country’s unemployment rate dropped slightly to 4.2%, but the number of unemployed people changed little, according to the latest data, as 720,000 people left the labor force. The bureau revised the unexpectedly high May figures from 172,000 new jobs to 129,000, and revised the April figures from 179,000 to 148,000. Though the numbers fell short of economists’s expectations, the average number of jobs added in the last three months was about 111,000, indicating a relatively strong job market despite economic uncertainty and higher inflation brought on by the war in the Middle East. The figures also remain much higher than the sluggish growth seen last fall and winter. Hiring slowed despite expectations that the World Cup, and the US Independence
US economy added fewer jobs than expected in June as World Cup fails to boost hiring – as it happened
Time to wrap up… US job growth slowed in June as employers added 57,000 new jobs – just about half of what economists had predicted – and the Bureau of Labor Statistics revised its figures from the past two months down by a total of...
The bureau revised the unexpectedly high May figures from 172,000 new jobs to 129,000, and revised the April figures from 179,000 to 148,000. Though the numbers fell short of economists’s expectations, the average number of jobs added in the last three months was about 111,000, indicating a relatively strong job market despite economic uncertainty and...
- Though the numbers fell short of economists’s expectations, the average number of jobs added in the last three months was about 111,000, indicating a relatively strong job market despite...
- The figures also remain much higher than the sluggish growth seen last fall and winter.
- Hiring slowed despite expectations that the World Cup, and the US Independence
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