June’s job report added just 57,000 nonfarm payrolls, which Charles Schwab commentators say was much weaker than expected. They note the unemployment rate appears to have improved for the wrong reasons, raising concern that labor-market softness is persisting and could weigh on the growth outlook and rate expectations.
June’s job report added just 57,000 nonfarm payrolls, which Charles Schwab commentators say was much weaker than expected. They note the unemployment rate appears to have improved for the wrong reasons, raising concern that labor-market softness is persisting and could weigh on the growth outlook and rate expectations.
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mildly negative
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