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Labor market shows signs of cooling as hiring slows
Economists and Fed officials warn labor conditions may deteriorate as job openings drop to 8.1 million in April, a three year low, with quits at 2.2 percent and openings per job seeker at 1.2. Nonfarm payrolls rose 206,000 in June, while June unemployment edged higher, signaling a possible shift from the postpandemic tight labor market.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Rabeela Farooqi
U.S
Bureau of Labor Statistics
Bloomberg
Kelly Bonn
St. Petersburg
Fla
Bonn
Jerome Powell
Goldmar Sachs
Jan Hatzius
San Francisco
Powell
Becky Frankiewicz
North America
Manpower Group
Frankiewicz