Jobs stay firm while consumer confidence sinks in Trump-era economy
TL;DR Summary
June payrolls rose by 57,000 with the unemployment rate easing to 4.2% and a surge in job openings, signaling a still-robust labor market even as hiring momentum slows. But consumer confidence remains weak, with wages lagging inflation and inflation-driven concerns cutting into real earnings, complicating the political narrative around Trump’s economic plan and potentially influencing Fed policy.
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