Despite predictions that the unemployment rate would remain at 3.6%, it dipped to 3.5%, which is marginally higher than the lowest level since late 1969.
Despite predictions that the unemployment rate would remain at 3.6%, it dipped to 3.5%, which is marginally higher than the lowest level since late 1969.
In a battle against inflation, the Federal Reserve noted a 0.4% increase in average hourly earnings for the month, which is an encouraging sign. This translates to a 4.4% annual rate, exceeding the estimates of 0.3% and 4.2% respectively.
The labor force participation rate maintained its status at 62.6% for the fifth consecutive month. Meanwhile, an alternative measure of unemployment — which includes discouraged workers and those in part-time employment for economic reasons — fell to 6.7%, a 0.2 percentage point decline from June.
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Disney CEO Josh D'Amaro said the company is exploring a free, ad-supported streaming tier to reach price-sensitive consumers, while the company also announced it has already sold out Super Bowl advertising inventory for February's game on ABC and ESPN.
Circle revealed the initial operators for its Arc blockchain network, including BlackRock, Visa, Mastercard, and Intercontinental Exchange, ahead of a public launch scheduled for September 16. The network is designed to serve as infrastructure for stablecoin-based digital payments and financial applications.
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