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U.S. job growth expected to have slowed in June as economy sends mixed signals (www.nbcnews.com)

submitted 1 day ago by babysandpiper@sopuli.xyz to c/economics@lemmy.world

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Economists surveyed by The Wall Street Journal forecast that 110,000 new payrolls were added in June. That would be the fewest since February.

The U.S. economy continues to send mixed signals. On Thursday, the Bureau of Labor Statistics will report job figures for June that may help clear up the picture.

Economists surveyed by The Wall Street Journal forecast that 110,000 new payrolls were added in June. That would be the fewest since February, and it would be the fourth monthly decline in the past six months. The unemployment rate, meanwhile, was expected to have climbed to 4.3%, the highest since October 2021.

Consumers and businesses are still grappling with the uncertainty caused by Donald Trump’s policies, something further reflected in volatile data.

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[–] NatakuNox@lemmy.world 3 points 1 day ago

Slowed?! Its going backwards. We lost 31k jobs last quarter. That's jobs lost before trumps tariffs hit the report and way before his budget bill hits. And that's not counting losses due to deportations. Year one not even in the books, and we are on pace to lose 1m jobs yall. It'll exponentially increase as his bad decision find out phase come to collect.

[–] ramble81@lemmy.zip 1 points 1 day ago

Mixed? It’s only mixed if you count the billionaires getting richer. Everyone else is getting fucked.

[–] apfelwoiSchoppen@lemmy.world 1 points 1 day ago

The spooky magic economy is sending mixed signals? None of this is without cause and we know the cause. There is no reason to cloak it in mystery.