• Latest
  • Trending
  • All
  • News
  • Lifestyle
US: Labor market continues to cool, but only at a gradual pace thumbnail

US: Labor market continues to cool, but only at a gradual pace

July 11, 2023
Ocasio-Cortez Warns: Trump Admin Will Have a 'Problem' if More Democrats Arrested thumbnail

Ocasio-Cortez Warns: Trump Admin Will Have a ‘Problem’ if More Democrats Arrested

May 15, 2025
The New York Knicks Have Pushed the Boston Celtics to the Brink thumbnail

The New York Knicks Have Pushed the Boston Celtics to the Brink

May 14, 2025
Gen Z’s not drowning in buy-now-pay-later debt—yet. But experts warn it’s a luxury lifestyle trap thumbnail

Gen Z’s not drowning in buy-now-pay-later debt—yet. But experts warn it’s a luxury lifestyle trap

May 13, 2025
Traveling during hurricane season? Here's what you should know thumbnail

Traveling during hurricane season? Here’s what you should know

May 13, 2025
DHS warns of more Dem arrests after Newark ICE detention center protest — as Mayor Ras Baraka blames agency for escalation thumbnail

DHS warns of more Dem arrests after Newark ICE detention center protest — as Mayor Ras Baraka blames agency for escalation

May 12, 2025
Massachusetts suspect charged with attempting to assassinate a Cabinet nominee thumbnail

Massachusetts suspect charged with attempting to assassinate a Cabinet nominee

May 11, 2025
Scientists discover how some flowers mimic the smell of death thumbnail

Scientists discover how some flowers mimic the smell of death

May 10, 2025
State trooper points to possible weapon in John O'Keefe death – and it's not Karen Read's car thumbnail

State trooper points to possible weapon in John O’Keefe death – and it’s not Karen Read’s car

May 10, 2025
How to Address When an Employee Is Not Working Out for Your Team’s Success thumbnail

How to Address When an Employee Is Not Working Out for Your Team’s Success

May 10, 2025
New York Knicks two wins from East finals after second straight Celtics fightback thumbnail

New York Knicks two wins from East finals after second straight Celtics fightback

May 9, 2025
Alexandria Ocasio-Cortez won't seek the top Democratic seat on the House Oversight Committee thumbnail

Alexandria Ocasio-Cortez won’t seek the top Democratic seat on the House Oversight Committee

May 8, 2025
NBA playoffs: Celtics miss record 45 threes as Knicks roar back from 20 points down thumbnail

NBA playoffs: Celtics miss record 45 threes as Knicks roar back from 20 points down

May 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Friday, May 16, 2025
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home Business

US: Labor market continues to cool, but only at a gradual pace

FREE Cape Cod News by FREE Cape Cod News
July 11, 2023
in Business, News
Reading Time: 2 mins read
Donate
0
US: Labor market continues to cool, but only at a gradual pace thumbnail
633
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

The June US employment report showed the economy added 209,000 jobs, below expectations. Analysts at Wells Fargo point out that the report offered additional evidence that the labor market is slowly coming into better balance as job growth slows and labor supply steadily expands. They expect the Federal Reserve to raise interest rates at the July meeting.

Key quotes:

“Nonfarm payrolls have seemed to defy the gravity weighing down other gauges of the labor market over the past year. However, the June employment report suggests this dynamic has run its course. Nonfarm payrolls increased by 209K in June—a respectable gain in its own right—but below the Bloomberg consensus for the first time in 15 months. Revisions also pointed to recent job growth flying a little closer to Earth.”

“The surprisingly resilient labor market has helped to keep the U.S. economy expanding at a moderate pace despite continued fears about a recession. However, even amid more forthcoming labor supply and gradually cooling labor demand, the weight of the evidence still suggests that the labor market remains too tight to be consistent with 2% inflation. The directional progress towards a more balanced labor market is encouraging and helps explain why the FOMC has slowed the pace of its rate hikes, but today’s data point to another 25 bps rate hike at the upcoming FOMC meeting on July 25-26th.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Read More

Tags: businesseconomyjobsunemployment

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

Ocasio-Cortez Warns: Trump Admin Will Have a 'Problem' if More Democrats Arrested thumbnail
News

Ocasio-Cortez Warns: Trump Admin Will Have a ‘Problem’ if More Democrats Arrested

by FREE Cape Cod News
May 15, 2025
The New York Knicks Have Pushed the Boston Celtics to the Brink thumbnail
News

The New York Knicks Have Pushed the Boston Celtics to the Brink

by FREE Cape Cod News
May 14, 2025
Gen Z’s not drowning in buy-now-pay-later debt—yet. But experts warn it’s a luxury lifestyle trap thumbnail
News

Gen Z’s not drowning in buy-now-pay-later debt—yet. But experts warn it’s a luxury lifestyle trap

by FREE Cape Cod News
May 13, 2025
Traveling during hurricane season? Here's what you should know thumbnail
Storm Watch

Traveling during hurricane season? Here’s what you should know

by FREE Cape Cod News
May 13, 2025
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
Ocasio-Cortez Warns: Trump Admin Will Have a 'Problem' if More Democrats Arrested thumbnail

Ocasio-Cortez Warns: Trump Admin Will Have a ‘Problem’ if More Democrats Arrested

May 15, 2025
Wellfleet, Tims bridge. FREE Cape Cod News.

Understanding Cape Cod Mosquito Situation: Hotspots and Behavior

July 2, 2023
Cryptocurrency company Ripple says SEC lawsuit is imminent thumbnail

Cryptocurrency company Ripple says SEC lawsuit is imminent

December 22, 2020
Ocasio-Cortez Warns: Trump Admin Will Have a 'Problem' if More Democrats Arrested thumbnail

Ocasio-Cortez Warns: Trump Admin Will Have a ‘Problem’ if More Democrats Arrested

0
The New York Knicks Have Pushed the Boston Celtics to the Brink thumbnail

The New York Knicks Have Pushed the Boston Celtics to the Brink

0
Traveling during hurricane season? Here's what you should know thumbnail

Traveling during hurricane season? Here’s what you should know

0
Ocasio-Cortez Warns: Trump Admin Will Have a 'Problem' if More Democrats Arrested thumbnail

Ocasio-Cortez Warns: Trump Admin Will Have a ‘Problem’ if More Democrats Arrested

May 15, 2025
The New York Knicks Have Pushed the Boston Celtics to the Brink thumbnail

The New York Knicks Have Pushed the Boston Celtics to the Brink

May 14, 2025
Gen Z’s not drowning in buy-now-pay-later debt—yet. But experts warn it’s a luxury lifestyle trap thumbnail

Gen Z’s not drowning in buy-now-pay-later debt—yet. But experts warn it’s a luxury lifestyle trap

May 13, 2025

FREE Cape Cod News On Twitter

Today’s News

  • Ocasio-Cortez Warns: Trump Admin Will Have a ‘Problem’ if More Democrats Arrested May 15, 2025
  • The New York Knicks Have Pushed the Boston Celtics to the Brink May 14, 2025
  • Gen Z’s not drowning in buy-now-pay-later debt—yet. But experts warn it’s a luxury lifestyle trap May 13, 2025
  • Traveling during hurricane season? Here’s what you should know May 13, 2025
  • DHS warns of more Dem arrests after Newark ICE detention center protest — as Mayor Ras Baraka blames agency for escalation May 12, 2025
FREE Cape Cod News

Copyright © 2024 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2024 Free Cape Cod News