Qatar Bank Highlights Labor Market Strengths
According to a report by Qatar National Bank, the U.S. labor market remains resilient despite a slowdown in employment and increased economic uncertainty. In July 2026, jobs unexpectedly contracted by 23,000, whereas experts had expected an increase of 83,000 jobs. This reflects a decline in demand for labor, while wage growth continues and supports purchasing power. The impact of artificial intelligence on the job market remains limited. The decrease in jobs and the declining unemployment rate have led the Federal Reserve to hesitate in raising interest rates in September, with a continued focus on inflation, which stood at 3.7% annually in June.
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