US hiring cools in June, unemployment up slightly

Quick Summary:

It added 206,000 jobs in June, marking a slower pace of hiring than May’s revised 218,000 figure.

For now, she noted that even though wage growth has decelerated, the rates of change remain elevated compared to pre-pandemic trends.

While there is some way to go, these indicators could give the US central bank more confidence to begin cutting interest rates – after holding them at a high level in recent months.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Labour June Added Cent Gains Jobs Pace July Wage Economy Latest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 21:50:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21494007

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Main Topics: EconomyBusiness

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