Minor Impact of Hurricane Beryl on US Labor Market in July

Reported about 2 months ago

Hurricane Beryl showed limited effects on the US labor market in July, with Texas experiencing a slight rise in unemployment to 4.1% over minor job losses. The Labor Department's report highlighted a decline in nonfarm payrolls by 14,500 in Texas, while a broader slowdown in job growth was noted across the nation, pushing the jobless rate to 4.3%. Despite some speculation about the hurricane's impact, experts suggest that it contributed only marginally to the overall slowdown.

Source: YAHOO

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