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U S consumer prices post largest gain in 13 years; inflation has likely peaked
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Melissa Cedillo joins NCR s Latino Catholics Project
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US employment accelerated in June as companies boost perks
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Lucia Mutikani
5 minute read
An In-N-Out Burger advertises for workers at their restaurants location in Encinitas, California, U.S., May 10, 2021. REUTERS/Mike Blake/File Photo
Summary
Unemployment rate seen falling to 5.7% from 5.8% in May
Average hourly earnings forecast up 0.4%; workweek steady
WASHINGTON, July 2 (Reuters) - U.S. job growth likely picked up in June as companies, desperate to boost production and services amid booming demand, raised wages and offered incentives to lure millions of reluctant unemployed Americans back into the labor force.
The Labor Department s closely watched employment report on Friday will likely show that the economy closed the second quarter with strong growth momentum, following a reopening made possible by vaccinations against COVID-19. More than 150 million people are fully immunized, leading to pandemic-related restrictions on businesses and mask mandates being lifted.
Press release: Cubs recall Trevor Megill, option Tommy Nance to Iowa
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