BUSINESSWTOP DC
US hiring falls to just 57,000 in June as employers pull back amid elevated inflation, global turmoil
US hiring fell to 57,000 in June as employers reduced hiring amid elevated inflation and global turmoil. The decline reflects economic caution by businesses in response to ongoing challenges.
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Adjacent reporting
- Ohio lost jobs in May, and had 58,000 fewer in the workforce than last year
- US job openings climbed to 7.6 million in April despite economic fallout from the Iran war
- US job openings climbed to 7.6 million in April despite economic fallout from the Iran war
- Markets fall, as good jobs data indicate no interest rate cuts
- Private hiring slowed in June, falling short of expectations, ADP data shows
- The Iran war hasn’t slowed the economy, but higher inflation leads companies to freeze hiring