US Job Growth At 206,000 in June, Unemployment Edges Up To 4.1 Percent, Ending Streak – Analysis
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The US economy created 206,000 new jobs in June, with downward revisions to reported job growth for the prior two months. The unemployment rate increased to 4.1 percent, ending a 28-month streak of below 4.0 percent unemployment. Wage growth slowed to a 3.6 percent annual rate, and the unemployment rate for Black workers rose to 6.3 percent. The unemployment rate for Asian American workers jumped to 4.1 percent. The employment to population ratio for prime-age workers remained unchanged. The share of unemployment due to voluntary quits rose to 11.2 percent. The number of people working part-time for economic reasons fell by 199,000. The government sector and health care led in job creation in June. Construction added 27,000 jobs while manufacturing lost 8,000. The report indicates a slowing economy and a notable weakening in the labor market.
#UsJobGrowth #UnemploymentRate #WageGrowth #LaborMarket
https://www.eurasiareview.com/06072024-us-job-growth-at-206000-in-june-unemployment-edges-up-to-4-1-percent-ending-streak-analysis/
Eurasia Review /
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2024-07-06 00:28:07
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2024-07-06 00:28:07Event JSON
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"content": "US Job Growth At 206,000 in June, Unemployment Edges Up To 4.1 Percent, Ending Streak – Analysis\n==========\n\nThe US economy created 206,000 new jobs in June, with downward revisions to reported job growth for the prior two months. The unemployment rate increased to 4.1 percent, ending a 28-month streak of below 4.0 percent unemployment. Wage growth slowed to a 3.6 percent annual rate, and the unemployment rate for Black workers rose to 6.3 percent. The unemployment rate for Asian American workers jumped to 4.1 percent. The employment to population ratio for prime-age workers remained unchanged. The share of unemployment due to voluntary quits rose to 11.2 percent. The number of people working part-time for economic reasons fell by 199,000. The government sector and health care led in job creation in June. Construction added 27,000 jobs while manufacturing lost 8,000. The report indicates a slowing economy and a notable weakening in the labor market.\n\n#UsJobGrowth #UnemploymentRate #WageGrowth #LaborMarket\n\nhttps://www.eurasiareview.com/06072024-us-job-growth-at-206000-in-june-unemployment-edges-up-to-4-1-percent-ending-streak-analysis/",
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