US employers scaled back hiring in April but still added 175,000 jobs in the face of higher rates
Briefly

from ABC7 San Francisco2 weeks ago
The moderation in the pace of hiring, along with a slowdown in wage growth, may be welcomed by the Federal Reserve amidst persistently elevated inflation.
ABC7 San Franciscohttps://abc7news.com/jobs-report-us-employers-scaled-back-hiring-in-april-but-still-added-175-000-the-face-of-higher-rates/14760236/
The Fed has been delaying interest rate cuts until more confidence in inflation reduction; rate cuts could reduce borrowing costs.
ABC7 San Franciscohttps://abc7news.com/jobs-report-us-employers-scaled-back-hiring-in-april-but-still-added-175-000-the-face-of-higher-rates/14760236/
Read at ABC7 San Francisco
#job-market #interest-rates #federal-reserve #inflation #economic-outlook
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