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.
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
Inflation Slowed in May According to the Consumer Price Index Out Today.
A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week.
Inflation on the wholesale side rose twice as much as expected to 0.6% in February. The Labor Department’s report also shows PPI over the last 12 months ending in February hit 1.6%.
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week.
The monthly jobs report for December, released today, reveals that U.S. employers added 216,000 jobs last month, surpassing expectations of 170,000.
U.S. employers hired more workers than expected in December while raising wages at a solid clip.