© Provided by Xinhua U.S. stocks slid on Thursday after hotter-than-expected jobs data underscored the ongoing strength of the labor market and raised
charles. that s right. listening to the president speaking just now, you d think that we got all good news in the jobs report today. in fact, i was reading his statement from earlier on the jobs data. the first line, this is bidenomics in action. but charles, you ask the average american how they feel with what they re bringing home, when they have to pay for groceries. seems to be a disconnect versus the rosy picture coming out of pennsylvania avenue. i want to dig into the numbers that we got today. the economy added 209,000 jobs in the month of june. that is the lowest addition that we have seen since december of 2020. it was significantly below expectations as well. if you listen to the labor secretary, she says it s good news. this is very much a part of bidenomics. creating good jobs in every community across the country. we re seeing job growth and wage increases in a tight labor market, workers have more power
you see 489 points, flirting with 500, after better than expected jobs data created investor fears about what that means for interest rates. joining us now with more is dominic chu. what else do the numbers tell us? lindsey, this is a perverse regime and perverse narrative. what we did get was good news. the adp payroll number, this morning, said that basically 497,000, nearly half a million jobs, private sector jobs, were created in america over the past month and wages actually grew year over year by 6.5%. those are good things. more people are working and they re getting paid more. but here s where it gets a little weird. as you point out, what this does do is still reinforce this overall story that inflation remains a possible problem in this country. we have already seen the effects over the last several months, but right now what it is telling us is that people are still
The solely on-site job roles have declined by 10 per cent year-on-year, while open hybrid job positions have surged 60 per cent for entry-level roles, compared to 2022
Stock futures mixed; markets set for early close; Week Ahead: jobs data, Fed minutes in focus; Tesla shares leap as price cuts drive record Q2 deliveries; JPMorgan leads banks higher