U.S. employers added 206,000 jobs to their payrolls last month, down from 218,000 the previous month.
FILE - Assembly line worker Lashunta Harris applies the Ford logo on a 2024 Ford F-150 truck being assembled at the Dearborn Truck Plant, April 11, 2024, in Dearborn, Mich. On Friday, June 5, 2024, the U.S. government issues its June jobs report.
Sojourner said job growth is decelerating but has been “remarkably strong” given the braking from Federal Reserve policymakers. The personal consumption expenditures price index, which reflects what people are actually buying, last registered a 2.6% annual increase.The Fed still expects to cut interest rates this year but is split on whether that will be one or two.said earlier this week that monthly job increases of 150,000 to 200,000 is sustainable and would likely be low enough to keep the Fed from worrying about inflation spiking again.
Interest Rates Economic Slowdown Inflation Federal Reserve Unemployment Rate Consumer Spending Job Security
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