U.S. Labor Market Update + Warehouse Spotlight - June 2024
Recruitics
JULY 11, 2024
Key Takeaways: U.S. nonfarm payrolls increased by 206,000 in June, led by government, healthcare, social assistance, and construction job gains. Unemployment rose for the third month at 4.1%, the highest since November 2021. While the annual rate of wage growth hit its slowest increase in three years, it now outpaces the Consumer Price Index. The Federal Reserve is expected to cut interest rates in September.
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