Reasons to Be a Little Bit Concerned About Labor Market: Economist

Don Ma
By Don Ma
July 5, 2024Business Matters
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U.S. employment increased solidly in June, but government and health care services hiring made up about three-quarters of the payroll gain, and the unemployment rate hit a 2.5-year high of 4.1 percent, pointing to a slackening labor market that keeps the Federal Reserve on course to start cutting interest rates soon. NTD speaks to Julia Pollak, chief economist at ZipRecruiter, for more.