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U.S. added just 73,000 jobs in July as the unemployment rate rose to 4.2%. The labor market is eroding.
The economy created a stingy 73,000 new jobs in July and the unemployment rate rose to 4.2%, solidifying the chances of the Federal Reserve cutting interest rates in the near future. Employment gains in June and May were also slashed,
US Adds Just 73,000 Jobs as Unemployment Rate Rises
Nonfarm payrolls rose by 73,000, less than almost all economists had forecast, while the unemployment rate ticked up to 4.2%, matching the median projection. Average hourly earnings were up 0.3%, leaving them 3.9% higher over 12 months – outpacing inflation.
Black workers are often last hired, first fired,” said Angela Hanks, chief of policy programs of The Century Foundation. The ...
For Black women, 20 years and older, the unemployment rate during July was 6.3%, according to the bureau’s July report. This ...
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market ...
President Donald Trump ordered the firing of the Bureau of Labor Statistics commissioner Friday following a weak jobs report ...
A dismal July jobs report has lifted expectations for fall rate cuts. But just how low could the fed funds rate be by year's ...
The labour market most likely continued to deteriorate in the June quarter with unemployment hitting a nine-year high, ...
Italy's unemployment rate fell to 6.3% in June from 6.5% in May, national statistics bureau ISTAT reported on Thursday, as a ...
Nonfarm payrolls increased by just 73,000 last month, well below forecasts, while figures for May and June were revised lower ...
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