+44(0) 1234 567 890 info@domainname.com

Friday 8 July 2022

Daily Money: Job market outpaces high inflation, interest rates

07:45

Share it Please
The June jobs report actually contained some good news: Employers added 372,000 jobs and the unemployment rate is holding steady at 3.6%. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, July 8

Good morning and happy Friday, Daily Money readers. It's Jayme Deerwester, here with some good news.

Employers added 372,000 jobs in June as the sizzling labor market shrugged off a slowing economy, high inflation and rising interest rates The unemployment rate held at 3.6% for the fourth straight month, the Labor Department said Friday.

As a result, employment growth moderated to a still-robust average of 383,000 jobs a month in the spring from about 600,000 the prior three months as the nation drew closer to recovering all 22 million jobs lost in the pandemic. It has now recouped 21.5 million, or 97.6%, and could reclaim the rest in the next couple of months.

In June, professional and business services led will the job gains with 74,000 jobs. Leisure and hospitality, which includes restaurants and bars, the sector hit hardest by COVID-19, added 67,000; health care, 57,000; transportation and warehousing, 36,000; and manufacturing, 29,000.

For now, the economy remains on solid footing as it continues to benefit from a resumption of travel and other activities and massive household savings built up during the health crisis.

More stories you shouldn't miss

Top Theranos lieutenant convicted:  'Sunny' Balwani found guilty of 12 fraud counts.

Targeting Prime Day shoppers:  Retailer has deals on Apple, LG, KitchenAid, Dyson.

FAA to fund terminal upgrades for 85 airports:  Denver, Boston, Pittsburgh on list.

Air travel in Europe is a mess:  Trains are a cheaper, quicker workaround.

The real recipe for a millionaire retirement:  Savings, returns and time – that's all.

Hate crowds? Make tracks for these national parks

Want to experience the great outdoors without crowds this summer? Consider these lesser-known, untapped national parks that had the least visitors in 2021. 

There are 63 national parks in the U.S and 423 national park sites, which include nature preserves, roadways and historic sites like battlefields and monuments. But even with vast options, 25% of total recreation visits occurred at the top eight most-visited parks , which accounts for just 2% of all parks in the National Park System. 

"We're happy to see so many visitors returning to iconic parks like Yellowstone and Yosemite, but there are hundreds more that should be on everyone's bucket list," said National Park Service Director Chuck Sams in a February news release.

Some parks are hard to reach: In fact like Alaska's Gates of the Arctic – the least-visited national park last year, with 7,362 recreational visits – or National Park of American Samoa, the second least visited national park, with 8,495 visitors in 2021.  

Luckily, you don't have to go quite that far to find some peace and quiet. If you're looking for some hidden gems with less traffic on the hiking trail, be sure to add these 10 less-recognized national parks to your list.

Kobuk Valley, Alaska
North Cascades, Washington
Lake Clark, Alaska
Isle Royale, Michigan
Greenbelt Park, Maryland 
Wrangell-St. Elias, Alaska
Dry Tortugas, Florida
Glacier Bay, Alaska 
Great Basin, Nevada
Congaree, South Carolina

Even the busiest one on the list, South Carolina's Congaree National Park, only saw about 215,000 visitors in 2021. That may sound like a lot – until you compare it with Great Smoky Mountains National Park, which got 14 million.

🎧 Mood music 🎧

If you ever did shift work (which, technically, journalists still kind of do since newsrooms have to be staffed 24/7), you can appreciate these lyrics from Kenny Chesney and George Strait

"Shift work, tough work. For the busy convenience store clerk, two feet that hurt, going insane. She's mad at some lad.  Drove off and didn't pay for his gas and he won't be the last.  'Round the clock pain.  Workin' 7 to 3, 3 to 11, 11 to 7."

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist . It features nearly every song quoted here.

Follow Jayme Deerwester on Twitter – or Instagram, if you prefer puppy pictures. (Why? Because everybody loves puppies!)

MIAMI, FLORIDA - DECEMBER 03:  A Now Hiring sign hangs in front of a Winn-Dixie grocery store on December 03, 2021 in Miami, Florida.  The Labor Department announced that payrolls increased by just 210,000 for November, which is below what economists expected, though the unemployment rate fell to 4.2% from 4.6%.  (Photo by Joe Raedle/Getty Images)
US adds robust 372,000 jobs in June amid high inflation
The economy added better-than-expected 372,000 jobs in June amid high inflation and a slowing economy. Unemployment was unchanged at 3.6%.
Top Theranos executive convicted on fraud charges
Ramesh "Sunny" Balwani, right, the former lover an
Could higher rates stop inflation?
Federal Reserve Board Chair Jerome Powell speaks d
Shop sweet Target deals ahead of Amazon Prime Day 2022
Shop the best Target Prime Day deals on speakers,
5 ways your tech life is tracking you and how to stop it
A family of four is watching TV.
Dems want to increase taxes on high earners, extend Medicare solvency
Stethoscope with medicare form with parts list.
War in Ukraine: 71M people now in poverty due to inflation
A paramedic helps a man wounded by the Russian she
Select airports to receive $1billion from FAA for terminal upgrades
A sign at Denver International Airport directs fly
Emirates plane flies from Dubai to Australia with large hole in side
The hole on the Emirates Airbus A380 that departed
10 least-visited national parks (perfect for hikers who hate crowds)
Steller Sea Lions are seen at Glacier Bay National
 

Problem viewing email? View in browser

Unsubscribe Manage Newsletters Terms of Service Privacy Policy/Your California Privacy Rights Privacy Notice Do Not Sell My Info/Cookie Policy Feedback

0 comments:

Post a Comment