🚨 𝙐𝙎 𝙇𝙖𝙗𝙤𝙧 𝙈𝙖𝙧𝙠𝙚𝙩 𝘾𝙤𝙤𝙡𝙨 𝙞𝙣 𝙅𝙪𝙡𝙮 𝟐𝟎𝟐𝟒 🚨
According to a report from CITIC Securities via PANews, the US labor market showed signs of cooling in July 2024. The number of new non-farm jobs fell short of expectations, and revised figures for previous months, along with a rising unemployment rate and slowing wage growth, all point to a slowdown. Despite these changes, the unemployment rate remains at a historically low 4.3%, influenced by increased labor supply and weather factors. These data points suggest marginal cooling but are not significant enough to drastically alter the overall economic outlook.
