Jobs report will offer fresh recession clues
Economists expect to see slower job growth
By Breck Dumas FOXBusiness
The Labor Department's monthly jobs report due out Friday is likely to show U.S. employees hired fewer workers last month than in May, and economists say the slowdown may serve as the latest recession clue.
The monthly employment report scheduled for Friday may show that the number of U.S. jobs fell in the last month compared to May. Economists say the jobs slowdown may be the latest sign of a recession.
Economists polled by Refinitiv forecasted the report to show that 268,000 Nonfarm jobs were added to payrolls in June, which would be the slowest in over a year and down from 390,000 the month before.
Refinitiv surveyed economists estimated that non-farm employment in June, the lowest level in more than a year, down from 390,000 the month before.
Refinitiv surveyed the report estimated that non-farm employment in June, the lowest level in more than a year, down from 390,000 the month before.
Refinitiv surveyed the report estimated that non-farm employment in June, the lowest level in more than a year, down from 390,000 the month before.
Refinitiv: Refinitiv (a global financial market data and infrastructure provider)
poll /pəʊl/Noun: 1. Poll; Poll • to carry out/conduct a poll 2. Election voting; vote count • The final result of the poll will be known tomorrow. The voting results will be announced tomorrow. 3. Number of votes •Labour is ahead in the poll. Verb: 1. Obtained (votes) • They polled 39% of the vote in the last election. In the last election, they received 39% of the vote. 2. Conduct a poll on…
Nonfarm adj. Non-agricultural products; non-farm
payroll /ˈpeɪrəʊl/ n. 1. (Company employees) salary list •We have 500 people on the payroll. We have 500 employees in the editor. 2. Total wage expenditure (company)
The labor market – along with the economy at large – is expected to cool as the Federal Reserve continues its campaign of bumping up interest rates in an effort to battle roaring inflation, which sits at a 40-year high.
As Feder continues to raise interest rates to combat harness inflation, which sits at a 40-year high.
As Feder continues to raise interest rates to combat harness inflation , the labor market – along with the economy at large – is expected to cool as the Federal Reserve continues its campaign of bumping up interest rates in an effort to combat harnessing inflation, which sits at a 40-year high.
As Feder continues to raise interest rates to combat harnessing inflation , the labor market – along with the economy at large – is expected to cool as the Federal Reserve continues its campaign of bumping up interest rates in an effort to combat harnessing inflation, which sits at a 40-year high.
As Feder continues to raise interest rates to combat harnessing inflation , the labor market – along with the economy at large – is expected to cool as the Federal Reserve continues its campaign of bumping up interest rates in an effort to combat harnessing inflation, which sits at a 40-year high.
As Feder continues to raise interest rates to combat harnessing inflation , the labor market – along with the economy at large – is expected to cool as the Federal Reserve continues its campaign of bumping up interest rates in an effort to combat harnessing inflation, which sits at a 40-year high.
As Feder continues to raise interest rates to combat harnessing inflation , the labor market – along with the economy at large – The current inflation rate has reached its highest point in 40 years.
But there are growing concerns that the central bank could go too far in slowing down demand and plume the U.S. into a recession, which is defined by two confidential quarters of negative gross domestic product growth.
But there are growing concerns that the central bank could go too far in slowing down demand and plume the U.S. into a recession, which is defined by two confidential quarters of negative gross domestic product growth.
But there are growing concerns that the central bank could go too far in slowing down demand and plume the U.S. into a recession, which is defined by two confidential quarters of negative gross domestic producthttml7 growth.
But there are growing concerns that the central bank could go too far in slowing down demand and plume the U.S. into a recession, which is defined by two confidential quarters of negative gross domestic producthttml7 growth.
But there are growing concerns that the central bank could go too far in slowing down demand and plume the U.S. into a recession, which is defined by two confidential quarters of negative gross domestic producthttml7 growth.
But there are growing concerns that the central bank could go too far in slowing down demand and plume the U.S. into a recession, which is defined by two confidential quarters of negative gross domestic producthttml7 growth.
But there are growing concerns that the central bank could go too far in slowing down demand and plume the U.S. into a recession, which is defined by two confidential quarters of negative gross domestic producthttml7 growth.
But there are growing concerns that the central bank could go too far in slowing down demand and plume the U.S. into a recession, which is defined by two confidential quarters of The definition of the US economic recession is that the GDP of has negative growth for two consecutive quarters.
Some analysts are pointing to signs that a recession is already here: Last week, the Federal Reserve Bank of Atlanta lowered its second-quarter GDP forecast to -2.1%.
Some analysts point to signs that the recession was downgraded: Last week, the Federal Reserve Bank of Atlanta lowered its second-quarter GDP forecast to -2.1%.
Some analysts are pointing to signs that a recession is already here: Last week, the Federal Reserve Bank of Atlanta lowered its second-quarter GDP forecast to -2.1%.
The Federal Reserve building in Washington, D.C. ((AP Photo/Patrick Semansky, File) / Associated Press)
The real-time economic gauge known as GDPNOw is not an official estimate of growth for the quarter ending in June, but if forthcoming readings from the Bureau of Labor Statistics confirm the economy contracted in Q2, the technical Criteria for a recession will have been met.
real-time economic indicator GDPNOw is not an official estimate of economic growth in the second quarter ended in June, but if the upcoming data from the U.S. Bureau of Labor Statistics confirms that the U.S. economy contracted in the second quarter, it would meet the technical standards for the recession.
Contract: Here is the verb to make, shrink, shrink •a contracting market The shrinking market, shrink, shrink means
GDPNow An economic refined macro real-time prediction system indicator. You can refer to the link https://fred.stlouisfed.org/series/GDPNOW/
The National Bureau of Economic Research (NBER) will make the final determination as to whether the economy has entered a recession, which the agency says are characterized by high unemployment, low or negative GDP growth, falling income and slowing retail sales.
The National Bureau of Economic Research will make the final decision as to whether the economy has entered a recession. The recession is characterized by high unemployment, low or negative GDP growth, lower incomes and slower retail sales, the agency said.
Initial jobless claims rose to a six-month high of 235,000 last week, coming in above the 230,000 estimate and signaling that the labor market remains tight, but demand for labor is cooling.
The number of initial unemployment claims rose to 235,000 last week, higher than the estimated 230,000, indicating that the employment market remains tight, but employment demand is cooling.
FOX Business' Megan Henney contributed to this report.
Megan Henney of Fox Business contributed to this report.
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