Dossier
Chad Moutray
Coverage of Chad Moutray in the Nexus archive.
- US employers pull back on hiring in June amid elevated inflation, global turmoil
US employers added 57,000 jobs in June, a significant drop from previous months, with the unemployment rate falling to 4.2% due to people leaving the labor force. Hiring in sectors like restaurants, bars, and hotels declined amid inflation and consumer spending shifts, while healthcare added nearly 47,000 jobs. A 'K-shaped' economy, where wealthier households outpace others, and AI implementation concerns may be influencing hiring decisions.