Reported 12 months ago
In June, US employers likely scaled back their hiring as wage growth moderated, indicating positive signs for the Federal Reserve amidst efforts to slow down inflation. Payroll gains are projected to have decreased to about 190,000 from May's strong 272,000 increase, while the unemployment rate likely remained at 4%. Average hourly earnings are expected to have risen by 3.9% year-on-year, the slowest growth in three years. The labor market shows signs of cooling but remains resilient, allowing the economy to continue despite higher borrowing costs.
Source: YAHOO