BUSINESSWTOP DC
America In Focus: consumers still gloomy about economy; US hiring falls in June
Consumer confidence in the U.S. remains below historical averages despite a slight monthly increase, while June hiring dropped to 57,000 jobs, the lowest in recent months. Inflation and high borrowing costs continue to impact economic sentiment, though mortgage rates fell to a seven-week low in June.
Mentioned
Related Signal
Adjacent reporting
- America In Focus: consumers still gloomy about economy; US hiring falls in June
- America In Focus: consumers still gloomy about economy; US hiring falls in June
- US hiring falls to just 57,000 in June as employers pull back amid elevated inflation, global turmoil
- US employers pull back on hiring in June amid elevated inflation, global turmoil
- America In Focus: US job market is rebounding, but economic frustration persists
- US hiring slows in what economists are calling a ‘low-momentum’ labor market