US Adds Fewer Jobs Than Expected in June, Unemployment Rate Falls
The US economy added only 57,000 jobs in June, significantly missing estimates, while the unemployment rate slid due to a plunge in the number of workers.
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US Adds Only 57K Jobs, Missing Estimates, As Unemployment Rate Slides On Plunge In Workers
US Adds Only 57K Jobs, Missing Estimates, As Unemployment Rate Slides On Plunge In Workers In our jobs preview post we quoted Goldman Delta One head, Rich Privorotsky, who said that "equities marginally want something weaker than consensus: with no forward guidance, hot NFP means hikes in play, which is unfriendly for pockets of equity risk." Well, they got it because moments ago the BLS reported that in June the US added just 57K workers, half the 113K expected, and the worst m...
By Tyler Durden
Read full article →US adds 57,000 jobs in June, less than expected
The U.S. added fewer new jobs in June than expected, while the unemployment rate ticked down, government data showed on Thursday, signaling the labor market was still facing headwi...
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