The U.S. labor market added more jobs than expected in June, while the unemployment rate rose unexpectedly, hitting its highest level since November 2021, another sign that the labor market continues to cool. Data from the Bureau of Labor Statistics ...
(Reuters) – Inflation is easing and the labor market has returned to the “tight but not overheated” situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said on Friday in a congressional report that ...