What job growth in June can reveal about a Fed rate cut in July

Posted on AllSides July 3rd, 2019
From The Right

Slowing private payroll growth in June, an indicator of broader labor market performance, will play a key role in whether the Federal Reserve cuts interest rates later this month.

Non-government employers added 102,000 jobs, according to a Wednesday report from payroll-services provider ADP that economists view as a gauge of overall hiring. While a sharp rebound from gains of 41,000 in May, it's still well below the average of 224,000 for the first four months of 2019.

"The job market continues to throttle back," Mark Zandi, chief economist of Moody's...

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