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The Sahm rule, named for economist Claudia Sahm who discovered it, says that when the three-month average unemployment rate rises to 0.5% above the low point of the prior 12 months, a recession would follow.
America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. Last month’s job growth did mark a pullback from 218,
Labour market shows signs of cooling as jobless rate increases to 4.1% in June and recent jobs growth is revised lower
A gain of 206,000 in June exceeded forecasts. Hiring was concentrated in a few parts of the economy, however, and unemployment rose to 4.1 percent.
Unemployment is going up. The new jobs report shows the national rate is 4.1%. Last year, it was 3.4%. In June, the Labor Department reported 206,000 jobs
The unemployment rate rose to 4.1% as more people entered the labor force, and average hourly earnings cooled.
The June jobs report revealed a healthy addition of 206,000 jobs, but also indicated a significant cooling off in the labor market. "If you're rooting for the Fed to start cutting interest rates, this was a very good jobs report,
Last month’s job growth did mark a pullback from 218,000 in May. But it was still a solid gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.
The uptick in the June unemployment rate along with significant downward revisions in the job additions for April and May are the latest signs that the economy may be slowing down under high Federal Reserve interest rates.
US job gains eased slightly in June while unemployment edged up, government data showed Friday, in a sign that the world's biggest economy is cooling steadily as policymakers hope.
WASHINGTON — America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates.
The labor market has remained surprisingly resilient as the Federal Reserve maintains two-decade high interest rates.
U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%,
BLS reported 206,000 new jobs, slightly above the consensus estimate, but also revised down April and May figures. Explore more details here.
America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. Last month’s job growth did mark a pullback from 218,
U.S. hiring and wage growth stepped down in June while the jobless rate rose to the highest since late 2021, bolstering prospects that the Federal Reserve will begin cutting interest rates in coming months.
The U.S. economy added 206,000 jobs in June and the unemployment rate rose slightly to 4.1 percent, according to Labor Department data released Friday.
Jobs growth is cooling, particularly in the private sector, and the unemployment rate has now broken above 4%, which is helping to keep wages in check. Click to read.
America's employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy's ability to withstand high interest rates.
Despite apprehension about the state of the U.S. economy, 206,000 new jobs were added in June as the economy continues to outpace historical norms.
U.S. employers added 206,000 jobs in June — a modest slowdown from the previous month. The unemployment rate inched up to 4.1%.