Friday’s report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%.
Assembly line worker Lashunta Harris applies the Ford logo on a 2024 Ford F-150 truck being assembled at the Dearborn Truck Plant, April 11, 2024, in Dearborn, Mich. America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand continually high interest rates. WASHINGTON — America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S.
And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.The state of the economy is weighing heavily on voters’ minds as the presidential campaign intensifies. Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices and assign blame to President Joe Biden.
Economists been repeatedly predicting that the job market would lose momentum in the face of high interest rates engineered by the Fed, only to see the hiring gains show unexpected strength. Still, there are signs of an economic slowdown in the face of the Federal Reserve’s series of interest rate hikes. The U.S. gross domestic product — the total output of goods and services — grew at Consumer spending, which accounts for about 70% of all U.S.
The venerable retailer, created to cater to Texas’ monied set, will be sold to the parent company of rival Saks Fifth Avenue.Iconic Dallas-based luxury department store chain Neiman Marcus will be sold to the parent company of rival Saks Fifth Avenue in a $2.65 billion deal, the two companies confirmed Thursday a day after the sale was first reported.FIFA and the city of Dallas are negotiating terms for how to bring the International Broadcast Center to the city.
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