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Stock impact report

The labor market just hit a wall. Here's what experts say it means for the economy and your job. [CBS News]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: CBS News
What was surprising about the Friday report was that employers not only hired fewer people than expected last month, but the government revised its jobs data sharply downward for the prior two months. With the revisions, the U.S. added 19,000 jobs in May and 14,000 in June, reflecting "paltry" employment growth during those months, according to a research note from EY-Parthenon Chief Economist Gregory Daco. The latest jobs data is shedding new light on the U.S. economy as businesses absorb a multitude of changes — from President Trump's trade deals and fresh tariffs to the new GOP tax law, which provides tax breaks to many Americans but also cuts spending on health care and social programs like food stamps. The jobs data backs up anecdotal evidence from the Federal Reserve's most recent "beige book" — a report that compiles comments from local businesses — that many companies are delaying hiring "until uncertainty diminished." "Based on what I was hearing from a lot of employers, Show less Read more
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