Non-farm payrolls increased by 390,000 jobs last month, the Labor Department said in its closely watched employment report today.
The report also showed solid wage gains last month, sketching a picture of an economy that continues to expand, although at a moderate pace. The US central bank's hawkish monetary posture and the accompanying tightening of financial conditions have left investors fearful of a recession next year. They urge investors to focus on the unemployment rate and wage growth to gauge the tightness of the jobs market.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New car registrations down 10% in May - SIMINew figures from the Society of the Irish Motor Industry show that new car registrations for May slowed down by 10.3% to 5,303 from 5,914 the same month last year.
Source: RTEbusiness - 🏆 16. / 61 Read more »
Public finances show surplus of €1.4bn at end of MayThe public finances recorded a surplus of €1.4 billion at the end of May, according to the latest Exchequer figures from the Department of Finance. Sure we owe around 250 billion so nothing to shout about BrokeIreland
Source: RTEbusiness - 🏆 16. / 61 Read more »
Ryanair's May passenger numbers continue Covid recoveryRyanair has reported a big jump in passenger numbers for May as the airline industry continues to return to normal services after the Covid-19 pandemic.
Source: RTEbusiness - 🏆 16. / 61 Read more »