Urgent.News

the world's headlines, one feed

Editions

Business

Konjunktur: US-Arbeitsmarkt schrumpft im Juli überraschend

Der US-Arbeitsmarkt hat sich im Juli entgegen der Erwartungen abgeschwächt. Die Unternehmen haben 23.000 Stellen weniger geschaffen. Das dürfte sich auch auf die Zinserwartungen auswirken.

Original German Read in English

Konjunktur: US-Arbeitsmarkt schrumpft im Juli überraschend

In July, the US labor market experienced a surprising cooling effect, shedding 23,000 positions outside of agriculture, according to a government report released on Friday. Economists polled by the news agency Reuters had expected job growth of 80,000. June data, revised afterward, showed only a 20,000 job increase, originally reported at 57,000.

The separate unemployment rate decreased in July to 4.1%, down from 4.2% in June. The US Federal Reserve, which aims for full employment and stable prices, has been closely monitoring the labor market. They maintained the federal funds rate within the range of 3.50 to 3.75% and recently announced that job growth remains sluggish, with the unemployment rate showing signs of stabilization. Inflation remains higher than previously reported.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.

Read the original at handelsblatt.com →

More in Business