Federal Reserve Meeting Minutes: Labor Market Conditions Remain Robust
According to a report by Jinse Finance, the Federal Reserve has released the minutes of its July meeting, which noted that recent data indicates labor market conditions remain robust. The unemployment rate in June was 4.1%, down 0.1 percentage points from May. The labor force participation rate in June edged down by 0.1 percentage points, while the employment-to-population ratio remained unchanged. The total number of nonfarm payroll jobs in June increased at a steady pace, but the growth in private sector employment slowed significantly. The ratio of job vacancies to unemployed persons in June was 1.1, remaining within the narrow range observed over the past year. Over the 12 months ending in June, average hourly earnings for all employees rose by 3.7%, slightly lower than the increase recorded in the same period last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed Vice Chair Sets the Tone: Inflation Is the "Most Important Signal," Interest Rate Decisions Depend on It
Federal Reserve Vice Chair Philip Jefferson stated that when policymakers consider whether to raise interest rates further, inflation has become the most important metric.
Elon Musk Leads Petition! Silicon Valley Supports Jensen Huang as Tens of Thousands Call for the Return of the Founder
Elon Musk has publicly co-signed a petition in support of Jensen Huang’s return to NVIDIA. The number of signatures on the petition website has surpassed 14,000, causing the site to almost crash due to a surge in traffic. What is raising further alarm in the capital markets is that NVIDIA’s core engineers have made collective statements, warning that if senior management mishandles the situation, key technical talent may leave, potentially undermining NVIDIA’s competitive moat.
NVIDIA (NVDA.US) downplays CEO succession rumors: no official contact with potential candidates yet, calling all speculation "premature"
Nvidia has downplayed speculation that the company is already in contact with potential CEO candidates, stating that it is still in the process of selecting a headhunting firm to seek a successor for ousted leader Jensen Huang.
GIGADEV dropped 10.1% in 24 hours
Crypto prices
More
