quote:Hiring rose in July at its fastest pace in nearly a year despite fears over Covid-19's delta variant and as companies struggled with a tight labor supply, the Labor Department reported Friday.
Nonfarm payrolls increased by 943,000 for the month while the unemployment rate dropped to 5.4%, according to the department's Bureau of Labor Statistics. The payroll increase was the best since August 2020.
Economists surveyed by Dow Jones had been looking for 845,000 new jobs and a headline unemployment rate of 5.7%. However, estimates were diverse amid conflicting headwinds and tailwinds and an uncertain path ahead for the economy.
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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier
Does this sentence mean anything at all?quote:However, estimates were diverse amid conflicting headwinds and tailwinds and an uncertain path ahead for the economy.
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"A mob is a place where people go to get away from their conscience" Atticus Finch
quote:Originally posted by pianojuggler:Does this sentence mean anything at all?quote:However, estimates were diverse amid conflicting headwinds and tailwinds and an uncertain path ahead for the economy.
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