US adds solid 224,000 jobs; Fed rate cut may be less certain

WASHINGTON — .

“Although there are drags on the economy in 2019, the expansion should continue through this year,” said Gus Faucher, chief economist at PNC Financial Services. “The doom and gloom was overblown.” In an appearance with reporters, Trump asserted Friday that the economy would soar like a “rocket ship” if the Fed reduced rates. Last year, Fed officials raised rates four times, in part to stave off the risk of high inflation and in part to try to ensure that they would have room to cut rates if the economy stumbled.

For Todd Leff, CEO of Hand & Stone Massage and Facial Spa, the resilience of the U.S. job market has provided both an opportunity and a challenge. With more Americans earning steady paychecks, demand for massages and facials has increased, and the company plans to add 60 locations this year and roughly 1,800 jobs. But the low unemployment rate has also made it hard to find and retain workers.

Joshua Shapiro, chief U.S. economist for the consultancy MFR, said the likelihood of a Fed rate cut late this month is now slightly lower, though he still estimates that the federal funds rate — what banks charge each other — will be sharply lower by the end of next year.

And how many jobs were lost.

Well I have two of them...

Robust jobs? Is that at fast food places, making minimum wage?

Weird you didn’t mention unemployment ticked up to 3.7% and never mention underemployment that is the real issue. Keep up your great work on FakeNews

So why would FEDs “lower” interest rates⁉️Which is what Trump whaling about and dragging Obama’s name thru the mud🤬

Wanna give credit where its due ?

Part time and low paying

Can we have confidence these government statistics are accurate? Given the dishonesty of this Administration?

Summer employment for college students. Also hiring to cover vacations.

The country is doing great and could be doing even more fabulously if you would get on board and stop the hateful naysaying. It's so obvious, your hatred.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed faces tougher task in deciding whether to cut U.S. ratesU.S. employers are hiring workers, but that is only making the Federal Reserve&... Trump wants low rates bc he’s leveraged and every fluctuation affects who he is financially beholden to
Source: Reuters - 🏆 2. / 97 Read more »

Trump: US Fed doesn't know 'what they're doing'US President Donald Trump on Friday lobbed another attack on the Federal Reserve, accusing it of incompetence for failing to stimulate the economy. "If we had a Fed that would lower interest rates, we would be like a rocket ship," he told reporters at the White House. Wall Street stocks were yeah like he knows what to do trump doesn't know what he is doing ! truth. Did the Fed not make the stock market rise? Then Trump will win the Guinness World Record. Then he will brag his achievements to the voters. Perfect! A stable genius.🤣🤣🤣
Source: YahooNews - 🏆 380. / 59 Read more »

Dollar firm, market awaits U.S. jobs report for Fed cluesThe dollar was firm on Friday but traders held off on making big bets ahead of t...
Source: Reuters - 🏆 2. / 97 Read more »

Indian firms supplying U.S. tech to Huawei may face U.S. sanctions - ETIndian companies supplying U.S.-made technology components to Chinese telecom fi... FRANKIC whistling loudly IndiasGonnaGetSanctioned narendramodi PMOIndia realDonaldTrump SecPompeo thehill WSJ nytimes AP PM Modi 25% tariffs is coming. Do not fool around behind Mr Trump's back. Why? tRUmp just gave American companies the right to do the same. This makes no sense StableGenius
Source: Reuters - 🏆 2. / 97 Read more »

What the June Jobs Report Tells Us About the U.S. EconomyWhich industries gained and shed workers in the first half of the year will offer key signals about what comes next. Some of the current employees & employers difficulty in working environment are on effectiveness & laziness behavioural backgrounds, specially on dividing between personal life & professional tasks. A Majority don't know how to behave when are doing their jobs. Conflict of roles.
Source: WSJ - 🏆 98. / 63 Read more »

U.S. reviews export requests to Huawei with 'highest scrutiny': Commerce DepartmentThe U.S. government said on Wednesday it was reviewing license requests from U.S... No worries....Fat Donnie threatens and never follows thru....he's a true coward.....and bully...the minute anyone stands up to his nonsense, he folds....
Source: Reuters - 🏆 2. / 97 Read more »