Dossier
healthcare and social assistance
Coverage of healthcare and social assistance in the Nexus archive.
- US hiring slows in what economists are calling a ‘low-momentum’ labor market
The U.S. economy added 57,000 jobs in June, far below the 115,000 expected, with revised April and May figures showing 74,000 fewer jobs. The unemployment rate dropped to 4.2% as 720,000 people exited the labor force. Hiring trends varied by sector, with professional and business services gaining jobs and leisure and hospitality losing 61,000. Wage growth (3.5% year-over-year) lags behind inflation, and unemployment remains higher for African Americans and workers under 25.