Labor market cools as hiring slows into summer
Hiring is moderating, a sign the economy may be downshifting.
O
Oneonomy Admin
The labor market is cooling as employers pull back on hiring heading into summer.
What's happening
Slower job growth could ease wage-driven inflation.
Policymakers are watching for signs of an abrupt slowdown.
Why it matters
A soft landing still hinges on a gentle, not sharp, cooldown.
Tags
EconomyJobsLabor Market