The June jobs report is expected to serve as the latest piece of economic data reiterating that the US labor market is slowing down.
Pedestrians and a construction worker walk past a lighted American flag in the rain in Times Square on Aug. 22, 2013, in New York City. showed nearly 1.86 million continuing unemployment claims were filed in the week ending June 29, up from 1.83 million the week prior. This marked the ninth straight week where continuing claims have risen.have noted that the key concern at the moment is that the labor market will keep decelerating to a weaker landing point than the pre-pandemic economy.
House noted that May's JOLTS report showed a labor market that, in many ways, "looks like its pre-pandemic self." Powell said Tuesday during a European Central Bank conference that the labor market isn't cooling too quickly, suddenly, or steeply. Karine Jean-Pierre, NBC's Kelly O'Donnell pause conference to call out journalist's 'inappropriate' Joe Biden jokeTrump Caught on Video Claiming ‘Broken-Down’ Biden Has Quit: ‘It’s Kamala’