[ad_1]
The US unemployment rate could fall to its lowest level in half a century when the Ministry of Labor publishes the report on the jobs of June at 8:30 am ET. . The unemployment rate is 3.8%, the lowest since 2000. It's down to 3.7%, it will be the lowest since 1969. That would be another milestone in the recovery after unemployment 10 % in 2009. Economists surveyed by Thomson Reuters predict that it will remain at 3.8%, but many believe that it will continue to decline over time, as companies drain the hand-off. 39; work.
2. Job growth progresses: The economy added an average of 207,000 jobs a month this year after an explosion of 223,000 in May. Economists predict that companies added 195,000 jobs in June. Employers are struggling to find skilled workers, and economists believe tightening the labor market is holding back gains. An illustration of the difficulty of finding employees: According to the Department of Labor, there are more job opportunities than the unemployed.
3. Salary: Wage growth, low for most of the economic recovery, has increased in recent months. Economists project hourly wages in June of 0.3% from May and 2.8% from the same point last year. Although economists argue that employers will provide better wages to workers as the job market continues to tighten, "wage growth continues to be disappointing," said Mark Hamrick, an economic analyst at Bankrate. Wages barely exceed inflation, which climbed up to 2%.
4. Effects of training on tariffs? It is unclear whether Trump administration rates and retaliation from other countries have slowed down the economy. But anecdotal reports suggest that at least some companies are laying off workers, moving production overseas and putting hiring on hold. And officials of the Federal Reserve are worrying more and more of a trade war. "Fees create uncertainty for the general business environment," said Hamrick.
CNNMoney (New York) First published July 6, 2018: 12:02 ET
[ad_2]
Source link
