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While the June jobs report came in weaker than economists had expected, many on Wall Street still see Friday's report as a sign of a resilient US economy and likely enough to seal another rate hike on July 26.
A mixed jobs report won't keep the Fed from raising interest rates later this month, the pros say. The June jobs report showed the slowest pace of hiring since the early innings of the pandemic, but rising wages and an ultra-low unemployment rate should keep the Federal Reserve on track to raise interest rates at the next Fed meeting, experts say.Nonfarm payrolls expanded by 209,000 last month, the Bureau of Labor Statistics said Friday, missing economists' forecast for the creation of 230,000 j
A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.
For more than a year, executives nationally have been bracing for a recession even as the US economy remained strong.
Citizens announced its national Citizens Business Conditions Index (CBCI) rose to 53.9 in the first quarter, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends. The Index had dipped below 50 during the fourth quarter of last year and the bounce-back during the first quarter signaled a...