The jobs report that delivered a stunning wake-up call to Wall Street on Friday also contained a recession signal and more indications that AI is weighing on employment. Payrolls grew by just 73,000 last month, well below forecasts for about 100,000. Meanwhile, May’s tally was cut from 144,000 to 19,000, and June’s total was slashed from 147,000 to just 14,000, …
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US job growth slows sharply, unemployment rate rises – Reuters
US job growth slows sharply, unemployment rate rises Reuters The US economy added just 73,000 jobs in July CNN The job market is showing signs of weakness as Trump’s tariffs take effect NPR Employers Pulled Back on Hiring, Adding 73,000 Jobs The New York Times Instant View: US job growth sharply slows in July, unemployment rate ticks higher Reuters Source link
Read More »U.S. added just 73,000 jobs in July as the unemployment rate rose to 4.2%. The labor market is eroding. – MarketWatch
U.S. added just 73,000 jobs in July as the unemployment rate rose to 4.2%. The labor market is eroding. MarketWatch U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower CNBC US labor market adds 73,000 jobs in July while unemployment rate hits 4.2% Yahoo Finance Employers Pulled Back on Hiring, Adding 73,000 Jobs The New York Times …
Read More »Gen Z men with college degrees now have the same unemployment rate as non-grads—a sign that the higher education payoff is dead
Gen Z is struggling to break into the entry-level job market—but young male college graduates may be hurting the most. The most recent data from the Federal Reserve indicates that the unemployment rate among recent college graduates is on the rise, at about 5.5%. Although it remains lower than the 6.9% rate among all young workers between 22 and 27 …
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