AFMC - June Jobs Report: Consistent With A Soft Landing
2024-07-05 21:00:00 ET
Summary
- Monthly payrolls growth weakened slightly on the month, and there were downward revisions to previous months.
- Total non-farm payrolls increased by 206,000 in June, down from 218,000 last month, which itself was downwardly revised from 272,000.
- Although the three-month moving average has dropped to 177,000, it remains above the 150,000 threshold.
By Seema Shah, Chief Global Strategist
June’s jobs report is broadly consistent with the soft landing narrative. Monthly payrolls growth weakened slightly on the month, and there were downward revisions to previous months, but overall, the numbers remained fairly solid, and wage growth softened in line with expectations....
June Jobs Report: Consistent With A Soft Landing