PT Solid Gold Berjangka | Payrolls Growth Slowed Sharply to 114,000 in July; Unemployment Rate Rose to 4.3%
Ekonomi AS Payroll AS Unemployment Rate Non-Farm Employment Change PT SGB Solid Group SG Berjangka Solid Gold Berjangka
Solid Gold Berjangka | In the United States, the world’s largest economy, another sign of cooling labor demand is evident. Labor Department data released Friday showed that nonfarm payrolls totaled 114,000, down from 179,000 in June. Economists had expected July’s figure to be 177,000.
The June figure was revised sharply downward from the original 206,000.Employment continued to increase in the health care, construction, and transportation and warehousing sectors, but declined in the information sector.
Meanwhile, the unemployment rate rose to 4.3% from 4.1% in June and has increased in each of the past three months. The month-over-month increase in average hourly earnings was 0.2%, below the forecast of 0.3%.Data released earlier this week showed that the number of U.S. job openings fell slightly in June, while new applications for unemployment benefits rose to an 11-month high last week.
The Federal Reserve on Wednesday left its benchmark next-day interest rate unchanged at a range of 5.25%-5.50%.In a statement, the Fed tempered its description of inflation, saying risks to employment are now equal to the risk of higher prices.A cooling labor market will give the Federal Reserve a greater chance of cutting interest rates, which are at a more than 20-year high, at its September meeting.
Source: investing.com