US employers likely slowed hiring and wage growth in June, indicating decelerating inflation.
US employers likely slowed hiring and wage growth moderated in June, providing further evidence for the Fed that inflation is decelerating. Payrolls in the US are projected to increase by about 190,000, down from the 272,000 gain in May. The unemployment rate is expected to remain at 4%. Average hourly earnings are projected to have risen by 3.9% year-on-year, the smallest increase in three years.
June 29, 2024
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