BUSINESSCOURTHOUSE NEWS
Wall Street squeezes out minor gains on so-so jobs data
Wall Street saw modest gains amid mixed jobs data, with the Dow Jones Industrial Average setting a new record and the S&P 500 and Nasdaq recovering from previous losses. The June jobs report showed weaker labor market growth and downward revisions to prior months, but analysts suggested the data may be misleading due to a 61,000-job drop in the leisure and hospitality sector, which could be revised upward in the coming months.
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Adjacent reporting
- June jobs report misses big, while unemployment falls
- Investors react to weak June jobs report
- Economy disappoints with half as many jobs created in June, and May and April gains revised downward
- US labor market weakened in June
- US employers added just 57,000 new jobs in June, lower than expected
- Strong U.S. Jobs Report Lowers Recession Risks Despite Wage Growth Lagging Inflation