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Analysts: U.S. Unemployment Rate Expected to Remain Steady at 4.3% in June, Job Market Resilience Persists

AirdropBlackHole
On July 1, Jason Pride, Chief Investment Strategist at private wealth management and investment firm Glenmede, along with Michael Reynolds, Vice President of Investment Strategy, stated that investors should expect the U.S. unemployment rate to hold steady at 4.3% in June, with non-farm payrolls increasing by approximately 87,000. Although this is a decline from May's 172,000, it is still considered a strong result in the current labor market environment characterized by 'low hiring and low layoffs.' While the employment fundamentals remain largely intact, the Federal Reserve's focus has shifted to inflation, meaning that the timing of any future easing policies will depend more on inflationary pressures than on employment growth itself. (Jin Shi)
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