KQED Nightly Business Report July 14, 2024
This morning that the economy added 224,000 jobs last month, far more than expected. The Unemployment Rate ticked higher to 3. 7 , in part because more people enter the labor force, but that number is still historically low. And while thi latest jobs report is clearly positive news about the economy, itay make it harder for the Federal Reserve to cut Interest Rates at its meeting later this month, and that sentiment pulled stocks back from their alltime highs we hit onednesday. Do industrials fell 43 points to 26,922. Nasdaq was down 8, the s p slid by 5. Ylan mui h more on americas employment...