The unemployment rate rose to 4.3% in July, the highest since October 2021, leading to concerns over the economy, stock market losses, and plunging Treasury yields.Friday that outlined lower-than-expected job growth and sparked concerns over the future of the economy. The summary showed nonfarm payrolls grew by only 114,000, which is roughly 62% lower than the Dow Jones estimate for the month..
The Labor Department reported Friday that employers added 114,000 jobs in July, missing the 175,000 gain forecast by LSEG economists. The unemployment rate also unexpectedly inched higher to 4.3% against expectations that it would hold steady at 4.1%.The US labor market cooled off far more than expected last month, underscoring concerns that the economy has slowed down too quickly and could lead to a recession.
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Market in turmoil, NASDAQ sinks +3% as Nonfarm Payrolls highlight labor market slowdownThe stock market pullback that began in the latter half of July is pumping the brakes full force on Friday after US Nonfarm Payrolls for last month surprised to the downside.
منبع: FXStreetNews - 🏆 14. / 72 ادامه مطلب »
Breitbart Business Digest: ‘The Labor Market Is Supported by Government Payrolls’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
منبع: BreitbartNews - 🏆 610. / 51 ادامه مطلب »
The labor market is still solid, but cracks are beginning to showEconomists are predicting the July jobs report, set to be released Friday morning by the Labor Department, will show 185,000 new jobs added.
منبع: washingtonpost - 🏆 95. / 72 ادامه مطلب »
U.S. employers likely added 175,000 jobs in July as labor market cools graduallyThe Labor Department is expected to report Friday that employers added 175,000 jobs last month.
منبع: NBCNewYork - 🏆 270. / 63 ادامه مطلب »
U.S. employers likely added 175,000 jobs in July as labor market cools graduallyThe Labor Department is expected to report Friday that employers added 175,000 jobs last month.
منبع: nbcsandiego - 🏆 524. / 51 ادامه مطلب »
Markets await latest jobs data amid rapidly cooling labor marketRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
منبع: NBCNews - 🏆 10. / 86 ادامه مطلب »