The U.S. economy added a robust 372,000 jobs in June, as unemployment remained at 3.6%, signaling resilience amid concerns of a recession. The largest gains were in professional and business servic…
The U.S. economy added a robust 372,000 jobs in June, asThe largest gains were in professional and business services, leisure and hospitality and health care. Jobs in information industries increased by 25,000, including 9,000 in publishing.
Mark Zandi, chief economist for Moody’s Analytics, wrote on Twitter that the latest job figures “are incongruous with fears that recession is dead ahead. Job growth is slowing, but that’s a plus, not a minus, ensuring the economy doesn’t go past full-employment, exacerbate inflation, and force the Fed to hike rates even more than it currently plans to.”
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U.S. adds 372,000 jobs in June as job market remains strongThe United States added 372,000 jobs in June, and the data shows professional and business services, leisure and hospitality, and health care industries saw notable increases in workforce participation. abc15
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US: Unemployment rate to edge back down to 3.5% for June – Societe GeneraleAnalysts at Societe Generale offer a sneak peek at what to expect from Friday’s US labor market report due for release at 1230 GMT. Also read: Nonfarm
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Americans no longer judge the economy by the unemployment rate, new paper findsUp until 2020, Americans' view of the economy was deeply connected to the unemployment rate. The pandemic weakened that tie, research finds.
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