That is where the U.S. economy stands as we pass the midpoint of 2024 — a year in which things have not gone quite according to plan, but the overall balance of conditions is, for now, favorable for both workers and investors.
But the job market has kept chugging along, and financial markets have taken the diminished rate cut outlook in stride.⬆️ The unemployment rate rose to 4% in May, from 3.7% in December. Three-month average job growth also increased, to 249,000 from 212,000 in the final months of 2023.
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