The U.S. job market remains stable, and the Fed may postpone the resumption of interest rate cuts until September
Odaily News The U.S. job market performed solidly in June, with nonfarm payrolls increasing by 147,000, higher than the revised 144,000 in May; the unemployment rate unexpectedly fell to 4.1%, while economists had expected a slight increase to 4.3%. The report showed that the labor market remained stable, which may allow the Federal Reserve to postpone the resumption of interest rate cuts to September. Although job growth exceeded expectations, the growth rate is slowing, mainly reflecting weak hiring activities. Layoffs remain quite low, and employers generally hoarded workers during and after the new crown pandemic because they had difficulty finding labor. Several indicators, including the number of first-time unemployment claims and the number of people receiving unemployment benefits, show that the labor market is showing signs of fatigue after a strong performance that protected the economy from recession. At that time, the Federal Reserve tightened monetary policy sharply to combat high inflation. (Jinshi)
You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
