KQED Nightly Business Report June 22, 2024
Wages were stagnant while the unemployme rate fell to 5. 3 and therein lies the problem. The Unemployment Rate did not drop because workers found more jobs but because people stopped looking. Hampton pearson has more. Rep whi june headline unemployme is the lowest since the 2008 recession, the jobs report was weaker than expect. Hiring came in below the 233,000 consensus forecasts, wages were flat and job growth for april and may was revised downward by 60,000. Not the kind of jobs report leading economists and fed watchers say is likely to move Monetary Policy makers anytime soon. Te not yet ...