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U.S. Labor Demand Stabilizes Without Acceleration: Wells Fargo

2026-07-01 03:33:11

According to Wells Fargo economists, on July 1, the U.S. labor market continues stabilizing after 2025 lows, with initial jobless claims at low levels and regional Fed employment PMI data showing modest June hiring recovery. However, recent indicators have softened: job postings and ADP weekly hiring metrics declined since spring, while small business hiring plans hit cycle lows in May. Overall, labor demand remains steady without clear signs of reacceleration.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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