Charting the Global Economy: Employers in US Temper Hiring Pace
07/08/2023 23:41
US employers tempered the pace of hiring while worker pay accelerated unexpectedly, illustrating a healthy yet moderating labor market that keeps the Federal Reserve on track to raise borrowing costs this month.
An assembly line in Huntersville, North Carolina.
Photographer: Rachel Jessen/BloombergSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
US employers tempered the pace of hiring while worker pay accelerated unexpectedly, illustrating a healthy yet moderating labor market that keeps the Federal Reserve on track to raise borrowing costs this month.