July 5, 2024

Workers

NY Times -The American labor market produced another solid month of employment gains in June, the Labor Department reported on Friday, adding 206,000 jobs, while the unemployment rate was 4.1 percent, up from 4 percent.The gain in jobs was slightly greater than most forecasts.... As we’ve reported, much of that is due to increased levels of immigration, which economists at Goldman Sachs estimate added 80,000 people per month to the labor supply last year and will add another 50,000 each month this year.

 

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