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U.S. employers hired only 57,000 workers in June while consumer confidence remains depressed despite slight improvement, reflecting economic uncertainty from inflation and geopolitical tensions.
Over 200 economists and AI researchers signed an open letter Monday warning that artificial intelligence could dramatically transform the economy and displace workers, calling for urgent institutional action.
US employers added 253,000 jobs in April, exceeding economist expectations and marking a rebound in hiring after months of slowdown, though unemployment fell to 3.4%.
The US added 336,000 jobs in September, nearly double economist expectations, as employment growth accelerated amid elevated interest rates and inflation-fighting efforts by the Federal Reserve.
The US added 353,000 jobs in January, significantly exceeding economist expectations of less than 200,000, with unemployment at 3.7%, prompting President Biden to declare the economy “the strongest in the world.”
US hiring slowed in April with 175,000 jobs added as wage growth decelerated. The unemployment rate edged up to 3.9% but remained historically low, marking the 27th consecutive month below 4%.
