US labor market powers ahead with strong job gains despite recession fears

US labor market powers ahead with strong job gains despite recession fears

Nonfarm payrolls increase 372,000 in June Private sector employment back above pre-pandemic level Unemployment rate holds steady at 3.6% Average hourly earnings rise 0.3%; up 5.1% year-on-year WASHINGTON, July 8 (Reuters) – US employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor … Read more

US new home sales rebound in May; consumer sentiment at record low

US new home sales rebound in May;  consumer sentiment at record low

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, US, May 5, 2021. REUTERS/Octavio Jones/File Photo Register now for FREE unlimited access to Reuters.com Register New home sales rebounded 10.7% in May; April data revised up Median house price jumps 15.0% to … Read more