The United States added only 57,000 jobs in June, well below the roughly 115,000 that economists had forecast, while average hourly earnings grew at 3.5 per cent — still lagging behind annual inflation of 4.2 per cent.
Markets are now pricing in an 80 per cent chance the Federal Reserve will hold interest rates steady at its next meeting, though speculation about a possible rate rise later in the autumn has not gone away.
Mitch Mccann has more from New York.
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OUT: “...been, about 4.2%.”
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http://www.fsnradionews.com/feeds/0702-1711mccann-jobsinflationreport2.mp3
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Mitch Mccann in New York says OpenAI's reported offer to hand the US government a stake worth billions of dollars may be as much about public relations and regulatory goodwill as it is about sharing the benefits of artificial intelligence.
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http://www.fsnradionews.com/feeds/0702-1711mccann-jobsinflationreport3.mp3