Report: U.S. Job Market Weakens In June
The economy grew by 206,000 jobs in June, but unemployment was above 4% in the same month, according to the Labor Department said on Friday.
The economy grew by 206,000 jobs in June, but unemployment was above 4% in the same month, according to the Labor Department said on Friday.
Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look for cheaper products in stores and online.
The Fed is almost certain to hold its benchmark overnight interest rate steady, with investors placing nearly a 100% probability on that outcome.
Wall Street’s main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week.
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
Tesla joined General Motors and Ford in being cautious about expanding electric vehicle production capacity.