2023-08-01 15:29:29
America News
Sky News Arabia – Abu Dhabi
15:27 – 01 Aug 2023A group of pedestrians in front of the New York Stock Exchange
Job creation in the United States fell in June to its lowest level in more than two years, but remained at levels consistent with tight market conditions, despite large interest rate hikes approved by the Federal Reserve to curb demand.
In its monthly report on job opportunities and labor turnover, released on Tuesday, the Ministry of Labor said job opportunities, a measure of labor demand, fell by 34,000 to 9.582 million on the last day of June, the lowest level since April 2021.
May data was revised downward to show 9.616 million job opportunities instead of the previously announced 9.824 million.
Economists polled by Archyde.com had expected 9.610 million jobs in June.
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