The US added 209,000 nonfarm payroll jobs in June, according to
Average hourly earnings increased 0.4% month on month and are up 4.4% on last year. Pay growth is now likely outpacing inflation.The monthly number of layoffs and discharges, at 1.6 million in May, remains low. Wall Street's era of ease is dead. Gone are the pandemic days of remote work and the stock market's"everything rally" that made it easy for financiers to rake in cash. Nowhere are the new, tougher days clearer than in the Hamptons, Insider's Linette Lopez writes.
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