WASHINGTON - The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May.
The trade war has increased uncertainty over the U.S. economic outlook, prompting the Federal Reserve on Wednesday to signal it could cut interest rates by as much as half a percentage point over the rest of this year. The U.S. central bank kept rates unchanged on Wednesday. Fed Chairman Jerome Powell acknowledged the meager job gains in May and said “in light of recent developments this bears watching,” but also noted that “many labor market indicators remain strong.”
Job growth has cooled from the brisk pace in 2018 in line with the economy, which is slowing as the stimulus from last year’s massive tax cuts and increased government spending fades.
Everything takes time to get set up And up to speed. Look at the stock market, now if the interest rates stay low the economy will go crazy. Until the greedy screw it up.
Are you participating in the U.S. labor market?
Either one day off or one more paid day. Until I can get ahold of the budget and deficit folder. I’m just saying. Alleviate. The bees.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »