Reported 28 days ago
Recent revisions to US job growth data reveal that fewer jobs were added in May and June than previously reported, casting doubt on the labor market's strength. The US economy added only 73,000 jobs in July, with the unemployment rate rising to 4.2%. This unexpected downturn has heightened expectations for a potential interest rate cut by the Federal Reserve, which could respond to perceived weaknesses in job creation and overall labor market dynamics.
Source: YAHOO