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US Adds Just 73,000 Jobs as Unemployment Rate Rises
Nonfarm payrolls rose by 73,000, less than almost all economists had forecast, while the unemployment rate ticked up to 4.2%, matching the median projection. Average hourly earnings were up 0.3%, leaving them 3.9% higher over 12 months – outpacing inflation.
U.S. added just 73,000 jobs in July as the unemployment rate rose to 4.2%. The labor market is eroding.
The economy created a stingy 73,000 new jobs in July and the unemployment rate rose to 4.2%, solidifying the chances of the Federal Reserve cutting interest rates in the near future. Employment gains in June and May were also slashed,
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market ...
The labour market most likely continued to deteriorate in the June quarter with unemployment hitting a nine-year high, ...
"Black workers are often last hired, first fired," said Angela Hanks, chief of policy programs of The Century Foundation.
President Donald Trump ordered the firing of the Bureau of Labor Statistics commissioner Friday following a weak jobs report ...
Italy's unemployment rate fell to 6.3% in June from 6.5% in May, national statistics bureau ISTAT reported on Thursday, as a ...
Nonfarm payrolls increased by just 73,000 last month, well below forecasts, while figures for May and June were revised lower ...
All eight of Missouri’s metropolitan areas experienced higher unemployment rates in June than a month before, according to ...
Normally the number of jobs created each month gets most of the attention in the jobs report. Not this time. The focus instead is on the unemployment rate. Federal Reserve Chairman Jerome Powell said ...
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