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   Nonilex (nonilex@masto.ai)'s status on Friday, 06-Jun-2025 22:00:05 JST Nonilex

   in reply to

   Opposition to #Trump's tax-cut & spending bill from hardline conservative #Republicans in the US #Senate & billionaire #ElonMusk adds another layer of #uncertainty for businesses.

   Employers' reluctance to lay off #workers potentially keeps the US central bank [#FederalReserve] on the sidelines until the end of the year. Financial #markets expect the Fed will leave its benchmark overnight interest rate unchanged in the 4.25%-4.50% range this month, before resuming policy easing in Sept.
   #economy

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     Nonilex (nonilex@masto.ai)'s status on Friday, 06-Jun-2025 22:00:06 JST Nonilex

     in reply to

     The #economy needs to create roughly 100,000 jobs per month to keep up with growth in the working age population. That number could decline as #Trump has revoked the temporary legal status of hundreds of thousands of migrants amid an #immigration crackdown.

     Much of the job growth this year reflects worker hoarding by businesses amid Trump's flip-flopping on #tariffs, which economists say has hampered companies' ability to plan ahead.

     HistoPol (#HP) 🏴 🇺🇸 🏴 repeated this.
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     Nonilex (nonilex@masto.ai)'s status on Friday, 06-Jun-2025 22:00:07 JST Nonilex

     #US #job growth slows in May; #unemployment steady at 4.2%

     #JobGrowth slowed in May amid #Trump #tariff uncertainty, while the unemployment rate held steady at 4.2%, potentially giving the #FederalReserve cover to delay resuming interest rate cuts for a while.
     Nonfarm payrolls increased by 139k jobs last month after rising by a downwardly revised 147k in April, the #Labor Dept's Bureau of Labor Statistics [#BLS] said in its closely watched employment report Fri.
     #economy
     https://www.reuters.com/world/us/us-job-growth-slows-may-unemployment-rate-steady-42-2025-06-06/

     HistoPol (#HP) 🏴 🇺🇸 🏴 repeated this.