US Labor Market Slows Down as Morgan Stanley Predicts Slower Jobs Growth in June
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The US labor market is slowing down, with Morgan Stanley predicting slower jobs growth in June. Payrolls are expected to increase by 210,000, but sectors like construction, hospitality, and retail may see slower employment growth. Economists forecast 189,000 jobs added, unemployment rate at 4.0%, and wages rising 0.3% on the month. The Federal Reserve is awaiting more signs of inflation and a cooling labor market before considering rate cuts. #USjobs #economy #MorganStanley...

#newstr #UsLaborMarket #JobsGrowth #Payrolls #MorganStanley #UnemploymentRate #Wages #FederalReserve #InterestRates 

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