Last month's strong job growth reflected the durability of America's consumer-driven economy. With the nation's households continuing their steady spending, many employers have had to keep hiring to meet their customer demand.
President Joe Biden is likely to point to Friday's jobs report as a sign of the economy's robust health under his administration. Last month's robust job gain suggests that the economy should keep expanding at a steady pace.
Still, the Federal Reserve's inflation fighters would like to see the economy cool a bit as they consider when to begin cutting their benchmark rate. Cooler hiring over time could slow wage gains and help fully tame inflation.
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