U.S. | Unemployment Hits 5.3% but Wages Hold Flat
Published on Thursday, July 2, 2015 | Updated on Thursday, July 2, 2015
U.S. | Unemployment Hits 5.3% but Wages Hold Flat
Summary
Nonfarm payrolls increased 223K in June following downward revisions to April and May. The unemployment rate declined to 5.3% alongside a drop in labor force participation. Fed will continue to monitor wage growth as a key factor in timing the first rate hike
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Employment
- Macroeconomic Analysis
Authors
Kim Fraser