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Chad Moutray

Coverage of Chad Moutray in the Nexus archive.

Earliest in view: Jul 2 · 13:22 UTCMost recent: Jul 2 · 13:22 UTC
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  • BUSINESSJul 2 · 13:22 UTCWPLG LOCAL 10 MIAMI
    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.

Chad Moutray · Dossier · The Nexus