There’s a bit less sizzle in the labor market
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 5 July 2024
⏱️ 1 minutes
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Summary
The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marcus Group.
Transcript
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| 0:00.0 | There's a bit less sizzle in the labor market. |
| 0:03.2 | I'm Nancy Marshall Genser with the marketplace minute. |
| 0:06.0 | The Labor Department said today that 2006,000 new jobs were created in June. |
| 0:11.1 | Most of the job gains were in government, health care, family services, and construction. |
| 0:15.8 | The May jobs number was revised down, and the June unemployment rate ticked up to 4.1%. |
| 0:22.4 | Wages rose 3 tenths last month that was lower than May's increased, but still up 3.9% over the same time last year. |
| 0:31.0 | Stocks' bonds and the British pound all rose today after the resounding victory yesterday of the UK's Centre Left Labor Party. |
| 0:38.0 | Labour's landslide win gives investors clarity instability. |
| 0:42.0 | Stock and British home builders was up in |
| 0:44.6 | anticipation of government targets for home construction. |
| 0:48.7 | Sacks Fifth Avenue was buying Neiman Marcus Group, the parent company of Neiman-Marcus and |
| 0:54.2 | Berdorf-Goodman, for more than $2 billion. The deal is subject to regulatory |
| 0:59.4 | approval. I'm Nancy Marshall Genser with the Marketplace Minute. |
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