TechFlow news, July 1, Jason Pride, Head of Investment Strategy at private wealth management and investment company Glenmede, and Michael Reynolds, Vice President of Investment Strategy, stated that investors should expect the U.S. unemployment rate for June to remain unchanged at 4.3%, with non-farm payrolls increasing by approximately 87,000. Although this is a decline from May's 172,000, it still counts as a strong result in the current labor market environment of "low hiring, low layoffs". Although employment fundamentals remain largely intact, the Federal Reserve's focus has shifted to inflation, meaning the timing of any future easing policies will depend more on inflationary pressure rather than employment growth itself. (Jin10)
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