on what the government likes to call the “employment situation.” The rest of us tend to call it the “jobs report.”or the “payroll survey”—tells us how the size of payrolls have changed since the previous month. This is the source of headlines telling us that the U.S. economy added so many jobs—or, in bad times, lost so many jobs—in a month. We also get details about which parts of the economy—such as manufacturing, leisure and hospitality, health and social services—added jobs.
. Job vacancies fell to 7.7 million at the end of July, which is close to where they were before the pandemic and far below their peak of over 12 million in 2022. The unemployment rate rose to 4.3 percent in July, up from 3.4 percent in April of 2023. Wall Street expects that the establishment survey will show between 100,000 and 195,000 workers added to payrolls in August, a wide range of forecasts. The median forecast is for 160,000. The unemployment rate is expected to inch down to 4.2 percent, although forecasts range from a drop to 4.1 percent to a rise to 4.4 percent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Breitbart Business Digest: Inflation Leaves the Middle Class Too Poor to Shop at Dollar StoresSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Wheels Are Coming Off the U.S. EconomySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Kamala Harris Runs a Campaign Based on Partisan Hope and DeceitSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: GDP Shows the Economy Was Stronger and Weaker Than We ThoughtSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Americans Support Tariffs, Drilling, and Deporting IllegalsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Market Goes Manic for Rate CutsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »