Job market continues to add jobs but shows signs of cooling

📆 07.07.2023 18:41:00
📰 abc15

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The U.S. economy added 209,000 jobs in June, and Americans are finally regaining purchasing power amid high inflation. MORE ⬇️

Updated figures released Fridayshow the U.S. job market remaining strong despite thoughts earlier in the year that 2023 would bring a recession, but is cooling compared to past months.

But the number of jobs added in June was down from recent averages. Employment has grown by an average of 278,000 per month over the first six months of 2023, which is lower than the average of 399,000 per month in 2022.

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Private sector companies added 497,000 jobs in June, more than double expectations, ADP saysThe U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected.
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