The labor market is cooling 💼
TKer has a bunch of past newsletters for context 📑
The U.S. economy continues to create jobs. But the trend clearly continues to cool.
According to BLS data released Friday, employers added 206,000 jobs in June. It was the 41st straight month of gains, reaffirming an economy with positive net demand for labor.
However, this is down from 218,000 in May. The three-month moving average is at a low 177,000.
