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Jobs Slow, Wages Lag Inflation | Dayton News
Job growth stalled in June with just 57,000 new jobs—far below expectations—and revisions pulled back gains from April and May. While the unemployment rate held steady at 4.2%, fewer people are actively seeking work, and the broader labor force participation rate dipped. Wage increases in the private sector haven’t kept pace with inflation, eroding real buying power. With hiring slowing to its weakest pace in a decade (except for pandemic years) and inflation still top of mind for the Fed, don’t expect rate cuts anytime soon. The economy’s settling into a slower, more cautious rhythm. Listen…
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