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Stock impact report

Jobs report today: Economy added 206,000 jobs in June, unemployment at 4.1% [USA TODAY]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: USA TODAY
But the employment picture was mixed as job gains for April and May were revised down by a hefty 111,000. The unemployment rate rose from 4% to 4.1%, highest since November 2021, the Labor Department said Friday. Economists surveyed by Bloomberg had estimated that 195,000 jobs were added last month. How is the job market doing right now? So far this year, the job market largely has shrugged off high interest rates and softening but still elevated inflation, with payroll growth averaging well over 200,000 a month. But forecasters expect a gradual slowdown by the end of 2024 as high borrowing costs and prices take a bigger toll on consumer and business demand. Low- and middle-income households are struggling with near-record credit card debt and historically high delinquencies, contributing to a recent pullback in retail sales. And their pandemic-related savings have mostly run dry. In May, job openings ticked up to 8.1 million, the Labor Department said this week. That's s Show less Read more
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