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Jobs Slow, Wages Lag Inflation | San Antonio News
June’s jobs report delivered a mixed message: only 57,000 new jobs—far below economists’ expectations—yet still enough to keep unemployment steady. A year of sluggish growth, the slowest since before the pandemic, reflects economic and policy uncertainty. Wages rose modestly in private sectors, but not enough to outpace inflation, leading to real wage declines. The unemployment rate held at 4.2% not because more people found work, but because fewer entered the labor force. Leisure and hospitality took a hit, losing 61,000 jobs, while health care and professional services kept hiring. Experts…
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