( ) -q-22- UNDATED (Correspondent Jeremy House) “a five-decade low.” America’s employers pulled back on hiring but still delivered another month of gains in June. [CutID: <Cuts> JOBLESS-RATE-house-q-FRIam.mp3 Time: 22s Title: JOBLESS-RATE-house-q-FRIam Out-cue: a five-decade low] TAG: Correspondent Jeremy House reporting. The latest evidence of economic strength makes it all but certain that the Fed […]
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U.S. slowed hiring but still added a solid 209,000 jobs in June
( ) -q-22- UNDATED (Correspondent Jeremy House) “a five-decade low.”
America’s employers pulled back on hiring but still delivered another month of gains in June.
[CutID: <Cuts> JOBLESS-RATE-house-q-FRIam.mp3
Time: 22s
Title: JOBLESS-RATE-house-q-FRIam
Out-cue: a five-decade low]
TAG: Correspondent Jeremy House reporting. The latest evidence of economic strength makes it all but certain that the Fed will resume its interest rate hikes later this month after having ended a streak of 10 rate increases intended to slow inflation.
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VERBATIM: Employers added 209,000 jobs last month. It’s a sign that the economy’s resilience is confounding the Federal Reserve’s drive to slow growth and inflation. The June hiring figure is below the levels recorded in recent months. Meanwhile, the unemployment rate fell to 3.6% from 3.7%, and is near a five-decade low.