Reported about 23 hours ago
The latest data from the US labor market indicates a cooling trend, with wage growth remaining strong despite calls for the Federal Reserve to cut interest rates. Average hourly earnings saw a notable increase, and while job growth has slowed, it does not appear to be leading to significant layoffs or inflation. This mixed economic landscape provides the Fed with the leeway to hold off on rate cuts, as robust wages support consumer spending amid a backdrop of challenges for job seekers.
Source: YAHOO