U.S. Employment Rose by 209,000 Jobs in June 2023

By Tom Burnett CFA On July 7, 2023, the Bureau of Labor Statistics released its employment report for June 2023. Total nonfarm employment rose by 209,000 jobs in June to a record total of 156.3 million. Total employment one year ago was 153.2 million. Jobs growth has averaged 278,000 per month in 2023…

By Tom Burnett CFA On June 14, 2023, the Federal Reserve announced that it would not be changing the current Fed Funds range of 5-5.25%, after ten consecutive decisions to raise interest rates. The Fed policy statement accompanying the announcement made clear the intention to reach the goal of 2% inflation…

By Tom Burnett CFA On June 13, 2023, the Bureau of Labor Statistics released its May report on Consumer Price Index information. The CPI rose 0.1% in May, following an increase of 0.4% in April. Over the past 12 months, the Index has risen by 4.0%, compared to a 12-month increase of 4.9% in April...…

By Tom Burnett CFA On June 6, 2023, the World Bank released its updated GDP Forecast report for 2023 and 2024. This report updates the January 2023 Forecast report. The Bank now projects World growth of 2.1% this year, down from 3.1% in 2022. The forecast for 2024 is for growth of 2.4%, down from...

By Tom Burnett CFA On June 2, 2023, the Bureau of Labor Statistics released its employment report for May 2023. Total nonfarm, payroll employment increased by 339,000 to a record level of 156.1 million, some 3.8 million higher than one year ago. The unemployment rate rose from 3.4% in April to 3.7% in…