Claims extracted
20
sentences that state something as happening or true
Uncertain
20%
4 of 20 hedged
("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
69/100
BBC News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
- Published
The US economy is creating fewer jobs than expected with the employment market performing weaker during the summer than previously thought, official figures show.
asserted
figures → publish → summer
There was a surprise shedding of 23,000 jobs last month, with declines driven by cuts in local government education and retail roles, despite analysts predicting growth.
asserted
analysts → be → growth
The Bureau of Labor Statistics also revised down the number of jobs added in May and June by 103,000, signalling a slow summer of job creation.
uncertain
Bureau → revise → creation
Analysts said the latest figures could reduce pressure on the US central bank, the Federal Reserve, to raise interest rates next month, despite high inflation.
uncertain
figures → say → inflation
Nancy Vanden Houten, lead economist at Oxford Economics, said expectations of interest rates being raised had been "scaled back", since the decision last month.
asserted
expectations → say → decision
US stock markets opened higher on Friday following the release of the latest jobs figures on the prospect that the weaker data might prevent any rate hikes.
uncertain
data → open → hikes
Analysts had expected an uptick in the number of jobs being added to the economy last month of 80,000, as opposed to a loss of 23,000.
asserted
Analysts → expect → 23,000
Despite fewer jobs being created, the Bureau of Labor Statistics said the unemployment rate actually dipped to 4.1% from 4.2%, as the number of people in work or looking for work declined slightly.
asserted
number → create → work
Average hourly earnings rose by 3.2% in the year to July, compared with the 3.5% economists expected, with average hourly earnings for all employees on private non-farm payrolls at $37.62.
asserted
economists → rise → 37.62
Payrolls do have a tendency to be softer in July, but chief investment officer of Premier Miton Neil Birrell said the US jobs market was weaker "by some distance".
asserted
market → have → distance
"Labour force participation is back at levels not seen since the days of Covid, meaning jobs just aren't being created," he said.
asserted
he → see → Covid
"This does leave the Fed with the problem of a weak jobs market providing a read across to growth, all at a time when inflation is a problem, but this data will ease the pressure to hike rates.
asserted
data → leave → rates
It's a big call in September."
As well as keeping inflation stable, the Fed has a mandate to maintain a high level of employment, meaning the jobs figures are also watched closely when deciding interest rates.
asserted
figures → keep → rates
Kevin Warsh, the newly-appointed chair of the Federal Reserve, has offered little forward guidance on future path of interest rates, in a policy shift from the US central bank.
asserted
Warsh → appoint → bank
Rates were left unchanged, as broadly expected, between 3.5% and 3.75% last month.
asserted
Rates → leave → %
However, consumer prices remain elevated, with inflation running at an annual rate of 3.5%.
asserted
inflation → remain → %
Interest rate hikes are a tool used by central banks aiming to slow the pace at which prices are rising in the shops.
asserted
prices → use → shops
By pushing up the cost of borrowing for things such as mortgages, loans and credit cards, central bankers hope consumers will spend less and the rate of price increases will slow.
asserted
rate → push → increases
Warsh has repeatedly said he wants to bring inflation down, but prices have been rising in the wake of the Middle East conflict impacting global oil prices.
asserted
conflict → say → prices
Gasoline prices have gone back above $4 on average following recent escalations, according to the AAA.
uncertain
prices → go → AAA
The Aporia
