‘Shark Tank’ star Kevin O’Leary warns ‘crisis emerging’ for US businesses

Employers added a fewer-than-expected 209,000 jobs last month, but the unemployment rate ticked down to 3.6%.

On an annual basis, inflation is projected to have climbed 3.1% – down from 4% in May and a marked drop from the peak of 9.1% in June 2022.In addition, a NFIB report published last month showed Inflation was the biggest problem for 25% of small business owners in May, up two points from April.difficulty filling job openings.

The Fed paused the tightening campaign in June after approving 10 straight rate increases in the span of 15 months, lifting the benchmark federal funds rate from near-zero to the highest level since 2007.

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