America In Focus: consumers still gloomy about economy; US hiring falls in June
U.S. employers added only 57,000 jobs in June while consumer confidence remains below historical norms, reflecting business caution amid inflation concerns.
U.S. employers added only 57,000 jobs in June while consumer confidence remains below historical norms, reflecting business caution amid inflation concerns.
Over 200 economists and AI researchers signed an open letter warning that artificial intelligence could cause unprecedented economic transformation and large-scale job displacement within the next decade.
The US added 175,000 jobs in April as hiring slowed and the unemployment rate rose to 3.9%, though wage growth also decelerated from the prior month.
The US added 151,000 jobs in February as the unemployment rate held at 4.1%, though federal layoffs and tariff uncertainty cloud the economic outlook.
The US labor market added 64,000 jobs in November, exceeding economist expectations, though the unemployment rate climbed to 4.6%, a four-year high, amid concerns about economic strength.
The US added 272,000 jobs in May, significantly exceeding economist expectations, though the unemployment rate rose to 4% for the first time since January 2022.