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US adds just 57,000 jobs in June as inflation tops 4%, fueling stagflation fears

By

Sharecafe Team

2h ago· 3 min readenNews

Summary

The Federal Reserve faces a stagflation scenario as the US economy added only 57,000 jobs in June — far below expectations — while inflation has accelerated above 4%. Nigel Green, CEO of deVere Group, warns this combination of weak employment and rising prices represents the Fed's worst-case nightmare. April and May payrolls were also revised sharply lower, and average monthly job growth over the past year has slowed to just 36,000.

Source

bskyUS adds just 57,000 jobs in June as inflation tops 4%, fueling stagflation fearssharecafe.com.au

Key quotes

· 1 pulled
The Federal Reserve's worst-case scenario may be unfolding after a sharply weaker-than-expected US jobs report landed just days after inflation accelerated above 4%
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The Federal Reserve’s worst-case scenario may be unfolding after a sharply weaker-than-expected US jobs report landed just days after inflation accelerated above 4%, says the CEO of global financial advisory giant deVere Group. The comments from Nigel Gre

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