Economics
US Jobs Report to Show ‘Natural Slowdown’ But Not Broad Weakness
- Payrolls gain in June seen among smallest of pandemic recovery
- Layoffs are historically low despite some high-profile cuts
This article is for subscribers only.
US employers are forecast to have added the fewest jobs in over a year in June, but economists say that slowdown isn’t concerning. At least not yet.
The jobs report from the Labor Department on Friday is expected to show the unemployment rate remaining at a historically low level and another month of solid wage growth, suggesting that employers are still eager to find qualified workers and retain the ones they already have. Job openings are hovering near record highs, while layoffs are well below pre-pandemic levels.