Published On: Fri, Jul 5th, 2024

What labor market data says about the economy



The Summary

  • The June jobs report from the Labor Department showed employers added 206,000 roles, down from the 218,000 gained in May.
  • Unemployment ticked up to 4.1% in June, inching above 4% for the first time November 2021.
  • The labor market has defied long-running forecasts of a sharper pullback in hiring, but the latest numbers show that conditions are steadily tightening.

The economy added 206,000 jobs last month, new government data shows, but unemployment inched above 4% for the first time…



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