Articles for tag: employment, employment in the US, expected, Federal Reserve, growth, increase in employment, increase in wages, Inflation, June, June jobs report, moderate, unemployment rate, wage

US employment and wage growth are expected to moderate in June

U.S. job growth likely slowed to a still-healthy pace in June, with the unemployment rate holding steady at 4 percent, raising the odds that the Federal Reserve will be able to tame inflation without tipping the economy into recession. The closely watched Labor Department report on Friday is also expected to show annual wage growth rising at its slowest pace in three years. When added to the price hold in May, the report would confirm that the deflationary trend is back on track after inflation rose in the first quarter. It could also boost Fed policymakers’ confidence in the outlook