08/07/2024
What is happening to the labor market in July 2024? According to JP Morgan, The Bureau of Labor Statistics (BLS) reported that the U.S. economy added 114,000 jobs in July 2024, a sharp slowdown from June. The unemployment rate ticked up to 4.3% in July from 4.1% in June, the highest level since October 2021, signaling the labor market is continuing to cool
https://www.jpmorgan.com/insights/outlook/economic-outlook/jobs-report-july-2024 #:~:text=The%20Bureau%20of%20Labor%20Statistics,market%20is%20continuing%20to%20cool.