June Unemployment Report to Be Released This Thursday: Here's What to Expect
· Telemundo McAllen (KTLM)
The U.S. economy added only 57,000 jobs in June, raising concerns about labor market stability, while wage growth remained below inflation for the third consecutive month. The unemployment rate slightly decreased to 4.2%. June's job creation was the lowest since February, with significant downward revisions to previous months' data. April's job growth was reduced by 31,000, and May's by 43,000. The employment report will be released this Thursday due to the Independence Day holiday. Economists are closely monitoring the labor market, especially as hiring in the healthcare sector slowed to 22,000 jobs, well below the average of 38,000. Additionally, leisure and hospitality jobs fell by 61,000 in June, signaling potential consumer spending decline.
AI summary · Source: Telemundo McAllen (KTLM) →
