...Average hourly earnings climbed 3.9 percent in April, slightly below expectations. Job gains slowed, unemployment rate ticked up, and average weekly hours decreased, indicating a gradually slowing labor market - a scenario desired by Federal Reserve officials...
...Central bankers aim for maximum employment but fear rapidly rising inflation. A strong job market could contribute to higher price gains as competition among employers for workers might lead to increased charges and workers spending more, potentially fueling inflation...
[
add
]
[
|
|
...
]