Jobs report is expected to show a pickup in hiring — but with stagnant wages - NBC News
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- Jobs report is expected to show a pickup in hiring — but with stagnant wages NBC News
- U.S. economy unexpectedly lost 23,000 jobs in July CNBC
- US employers unexpectedly cut 23,000 jobs amid strain from the Iran war Anchorage Daily News
- Jobs Report Live Updates: U.S. Job Market Shows Unexpected Loss The New York Times
- US economy unexpectedly shed jobs in July Fox Business
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The Story At A Glance
The labor market is cooling following a weak June report where nonfarm payrolls rose by only 57,000. Economists are observing a low-hire and low-fire environment characterized by subdued economic momentum.
- • July job gains are expected to be modest at approximately 83,000.
- • Wage growth remains stagnant despite a slight pickup in hiring.
- • Private sector payrolls showed significant weakness in recent ADP data.
The labor market is cooling following a weak June report where nonfarm payrolls rose by only 57,000. Economists are observing a low-hire and low-fire environment characterized by subdued economic momentum.
Christian Perspective
Stagnant wages threaten the ability of men to fulfill their God-given role as providers for their families. Economic instability undermines the stability of the traditional patriarchal household which is the bedrock of a moral society. A healthy economy must support the dignity of work and the flourishing of the family unit.
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