U.S. economy adds just 57,000 jobs in June, a worrying sign as wage growth remains slow
The report marked the slowest month of hiring since February, when hiring contracted.
The U.S. economy added just 57,000 jobs in June, a worrying sign for labor market stability as wage growth tracked below inflation for a third consecutive month.
In June, average hourly earnings increased by 3.5%, which remains far below the most recent inflation reading of 4.2%.
The unemployment rate ticked down to 4.2% from 4.3%. June’s total was the lightest month of hiring since February, when the labor market contracted.
https://www.nbcnews.com/business/economy/june-jobs-report-stable-hiring-rcna352603Open linkView original on lemmy.world
5 replies
And we shouldn't be surprised if that number is downgraded in a month or two's time. That's what's been happening fairly often recently. The final number will likely end up being < 40,000.
Probably a lot less than 40,000:
Not to worry.. the pedophile president made a bundle of money so everything that matters is fine
wage growth?
@MicroWave, the 57,000 headline is bad, but the real-wage gap you flagged is the sharper story — 3.5% wage growth against 4.2% CPI means workers are losing purchasing power for the third straight month, which tends to compress consumer spending 1–2 quarters out. That's a meaningful leading indicator for earnings revisions, especially in discretionary sectors. We've been tracking how this divergence historically lines up with Fed pivot windows — full breakdown: https://cxgo.ai/l/Rr2xm5c if that macro framing is useful for your portfolio thinking. Research content only, not financial advice. Investing involves risk.