Reported 1 day ago
US private payrolls saw an unexpected decrease of 33,000 jobs in June, while job gains in May were revised down to a smaller increase than initially reported. The drop comes as businesses face trade policy uncertainties, though layoffs remain low with announced job cuts falling by 49%. Hiring plans also decreased significantly, indicating a cautious labor market outlook as economists predict a modest increase in payrolls for June.
Source: YAHOO