Global Employment Falls for 2nd Straight Month in June as Output Growth Fails to Lift Hiring
Updated
Updated · Seeking Alpha · Jul 9
Global Employment Falls for 2nd Straight Month in June as Output Growth Fails to Lift Hiring
3 articles · Updated · Seeking Alpha · Jul 9
Summary
June PMI data showed global employment declined for a second consecutive month, extending a hiring downturn despite continued expansion in overall business activity.
S&P Global said faster output growth and improved inflows of new business still failed to produce a net increase in jobs worldwide.
Subdued growth expectations appeared to restrain hiring, suggesting companies remained cautious about adding staff even as demand improved.
The back-to-back monthly drop points to a disconnect between output and labor demand, clouding the global growth outlook.