The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
Labor Market Not a Source of Inflationary Pressure, Latest Report Shows
Originally reported by New York Times. Read the full story at the original source.
Related Articles
Private Credit Can’t Stop the ‘Freak Out’
On Thursday, Blue Owl reported another quarter of double-digit investor withdrawal requests from some of its private cre...
Stock market gains minted nearly 1 million new millionaires in 2025, new UBS report says
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to th...
How to bag a bargain flight
How to bag a bargain flightTo play this video you need to enable JavaScript in your browser.This video can not be played...
Ford Q2 sales drop 10.3% due to F-Series supplier issue, falling EV demand
DETROIT — Ford Motor on Thursday reported a 10.3% decline in its second-quarter U.S. new vehicle sales as the company ba...