Published

U.S. employers likely added 175,000 jobs in July as labor market cools gradually

Summary by My Mother Lode
The U.S. job market isn’t sizzling hot anymore. Companies aren’t hiring the way they were a year or two ago. But they aren’t slashing jobs either, and American workers continue to enjoy an unusual degree of job security. This is just what the inflation fighters at the Federal Reserve want to see: a gradual slowdown in hiring that eases pressure on companies to raise wages — but avoids the pain of widespread layoffs.
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