The US labor market came in just a touch hotter than expected, adding 206,000 jobs in June. Meanwhile, the unemployment rate unexpectedly rose from 4.0% in May to 4.1% in June.

  • Coffee Addict@lemmy.worldOPM
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    1 month ago

    "In May, the labor market continued to come into better balance — with openings holding steady and separations remaining low,"​​ Elizabeth Renter, senior economist at NerdWallet, said in a written commentary earlier this week, adding that the new data was “further encouragement that the current labor market supports continued inflation moderation and that a September rate cut could still be at play.

    Emphasis is mine.

    Please let there be a rate cut 🙏🏻

    A rate cut in September would definitely help the democrats reelection chances in November, and right now we need any boost we can get.