US economy added jobs at a slower pace than expected
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By Howard Schneider WASHINGTON, July 2 (Reuters) - A weaker-than-expected jobs report could renew debate at the U.S. Federal Reserve about how to read the labor market at a time when the number of people available to work may also be in decline due to an aging population and tough immigration laws.
Look under the hood of Thursday's jobs report, and find some evidence that this remains a tough — or at least weird — labor market for job-seekers.
A lackluster June jobs report indicates continued stagnation, but it may not take much for numbers to start slipping into the negatives, experts said.
Hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year.
U.S. job openings stayed at a surprisingly strong 7.6 million in May as the American labor market remains resilient in the face of the economic shock from the Iran war
For much of the past 18 months, the labor market has remained largely frozen.
Employers added fewer jobs in June than a month earlier but the unemployment rate ticked down, a decent showing for the U.S. economy.
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The labor market’s next chapter is taking shape. Here’s what to watch for in Friday’s jobs report
The labor market may be rousing from its slumber.
U.S. consumer confidence nudged higher in June as a fragile truce in the Middle East conflict weighed down on gasoline prices, while households' perceptions of labor market conditions deteriorated,
The U.S. labor market is losing momentum, but not collapsing. Nonfarm payrolls rose by only 57,000, previous months were revised lower, and hiring has clearly slowed.
