U.S. Job Growth Rebound Calms Fears of Economic Swoon

USgrowth

The Wall Street Journal | Latest | Positive | Relevant: US jobs, Fed


Summary:

Employment is increased 287,000 jobs (seasonally adjusted) in June. Average hourly earnings for private-sector workers rose only 0.1% in June but wages were up 2.6% from a year earlier because jobs’ increase.

“They(Fed)’re very risk-averse. They’re very concerned about prematurely hiking.” Ethan Harris, economist , Bank of America Merrill Lynch.


 

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