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What is the latest U.S. economic data?

Asked 21 hours ago

Answer

Recent U.S. economic data shows private sector hiring rebounded, consumer confidence edged higher, and job openings were slightly below expectations. The Fed is expected to hold rates steady, with possible cuts later in the year. Market concerns about overvaluation persist, and key economic reports are due this week.

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Private company hiring bounced back with 104,000 increase in July: ADP

CNBC · Recent
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Recent
  • Private sector jobs increased by 104,000, surpassing the 64,000 estimate. 10s
  • June's job numbers were revised to a smaller decline, from minus 33,000 to minus 23,000. 36s
  • Leisure and hospitality, financial activities, and trade sectors saw job gains, while education and health services lost 38,000 jobs. 54s
  • Wage growth for job stayers remained at 4.4%, while job changers received a 7% pay increase. 1m 11s
  • ADP data is seen as broadly indicative of a healthy economy, though it may differ from government figures in the short term. 1m 24s
EconomyBusiness

References

Private company hiring bounced back with 104,000 increase in July: ADP
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CNBC
22 hours ago
Private company hiring bounced back with 104,000 increase in July: ADP

Private sector employment increased by 104,000 in July, exceeding the estimate and reversing a previous decline.

Consumer confidence inched up in July, new data shows
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CBS America
2 days ago
Consumer confidence inched up in July, new data shows

Consumer confidence ticked up modestly, driven by optimism about the economic outlook for the next six months.

Latest CNBC Fed Survey shows growing concern about market valuation
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CNBC
2 days ago
Latest CNBC Fed Survey shows growing concern about market valuation

84 percent of respondents believe the market is at least somewhat overpriced, the highest concern in a year.

Job openings and labor turnover lower than estimated
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CNBC
2 days ago
Job openings and labor turnover lower than estimated

Job openings for June were 7.44 million, slightly below expectations and the lowest since April.

What's in Trump's trade deal with the EU?
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CBS News
3 days ago
What's in Trump's trade deal with the EU?

Key economic data this week includes home prices, consumer confidence, GDP, inflation, and the jobs report.

Trump's tariffs not a gamechanger for Middle East markets: Strategist
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CNBC
3 days ago
Trump's tariffs not a gamechanger for Middle East markets: Strategist

The Federal Reserve is expected to keep rates on hold, with two cuts likely this year, starting in September.

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