US jobs market sees gradual cooldown in June

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WASHINGTON: US job gains eased slightly in June while unemployment edged up, government data showed on Friday (Jul 5), in a sign that the world's biggest economy is cooling steadily.

Wage growth decelerated, although it still outpaced consumer inflation.

But this is likely to bolster the Federal Reserve's confidence that inflation is on a downward path to policymakers' 2 per cent target.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Growth Hiring Data Labour Cent Economy Gains Market Rates Economist Wage

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 22:12:27 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 21493768

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 33 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 55 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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