The US job market continues its cooldown, adding just 187,000 positions last month | CNN Business

Employers added just 187,000 jobs in July, slightly above the monthly average seen in the decade before the pandemic, according to new data released Friday by the Bureau of Labor Statistics. Economists were expecting a net gain of 200,000 jobs last month. June’s job growth was revised down to 185,000 jobs from 209,000.

July’s headline number and the downward revisions to the monthly job total for May and June , are further indications that the nation’s labor market is gradually cooling off. Moreover, it further fuels the notion that the Federal Reserve can achieve a “soft landing” of reining in inflation without massive layoffs. The July unemployment rate ticked down to 3.5%, from 3.6%.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Fitch tells CNN why it downgraded America now | CNN BusinessFitch Ratings is defending its controversial decision to downgrade the US credit rating by pointing to the nation’s mountain of debt.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

Writers union and Hollywood will resume talks, aiming to end the strike | CNN BusinessHollywood studios on Tuesday asked the Writers Guild back to the negotiating table in the first known talks since the nearly 100-day strike brought production of most television shows and movies to a halt.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »