US adds just 57,000 jobs in June as inflation tops 4%, fueling stagflation fears
By
Sharecafe Team
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.
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bskyUS adds just 57,000 jobs in June as inflation tops 4%, fueling stagflation fearssharecafe.com.auKey quotes
· 1 pulledThe 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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