MACRO
Wage Gains, Low Unemployment Keep Pressure on Fed; Hiring Cooled in June
Hiring slowed in June but wages rose and unemployment fell, likely keeping the Federal Reserve on track to raise interest rates later this month to combat inflation.
U.S. employers added 209,000 workers in June, a solid monthly gain but down from May’s revised 306,000.
The unemployment rate fell to 3.6% last month from 3.7% in May. Emplo...