Key Takeaways:

  • The number of job listings have decreased from May 2023.
  • The unemployment rate has gone down.
  • The stock market fell, and all are anxiously awaiting the latest CPI.

The economy saw modest growth in June, and job growth was lower than economists’ expectations for the month. Unfortunately stocks fell this week, and all major indexes finished their week in the red. A recession is still looming, and everyone is keeping their eyes peeled for the newest CPI (consumer price index) to see how high interest rates will be.

According to the U.S. Labor Department’s job report for June 2023, employers added 209,000 jobs and the unemployment rate fell to 3.6%. Average hourly earnings are also on the rise with a 0.04% increase. 
Stay tuned for more valuable data insights and predictions for Greenwich HR. Interested to know how your company can gain valuable key insights of the labor market? Learn more about our compensation and labor insights today and stay tuned for the July pre-job report.