Oddbean

US job growth slows moderately; unemployment ticks up ========== The U.S. job market remains strong, but is loosening up. The economy added 206,000 jobs in June, higher than expected. However, the unemployment rate ticked up to 4.1%, the highest in over 2-1/2 years, due to more people entering the workforce. Wage gains moderated, indicating easing inflation pressures. Job growth for April and May was revised downward. The U.S. economy has added an average of about 220,000 jobs per month over the past year. Economists say at least 150,000 jobs per month are needed to keep up with growth in the working-age population. Financial markets expect the Federal Reserve to start cutting rates in September. #UsJobMarket #Unemployment #WageGains #FederalReserve https://finance.yahoo.com/video/us-job-growth-slows-moderately-155755695.html