8/7/2024, 12:49:03 pm

The US economic slowdown is looking more threatening

The US employment report for June showed 206,000 jobs added, exceeding estimates, and moderating wage growth, easing inflation concerns. However, revisions to recent monthly labor data revealed 111,000 fewer jobs created in April and May, and a decline in temporary employees and an increase in continuing claims for unemployment applications, indicating a softening economy.