Reported about 12 hours ago
The May jobs report indicates a cooling labor market, with 139,000 jobs added and an unemployment rate of 4.2%. Despite concerns, economists believe the economy may avoid a recession, suggesting slowing growth rather than a halt. Experts, including Brian Jacobson and Omar Aguilar, discuss the Federal Reserve's potential actions, indicating a delay in rate cuts until at least September, as current labor trends do not strongly point to reduced inflation.
Source: YAHOO