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Jobs Slow, Inflation Rises, Fed Watches | Salt Lake City News
Job growth in the U.S. stalled in June, with only 57,000 new positions added—far below the 115,000 economists expected. The unemployment rate dipped slightly to 4.2%, but that’s thanks to fewer people actively seeking work, not stronger hiring. Revised data shows April and May’s job gains were overstated, hinting at a broader slowdown. Inflation remains stubborn, up 4.1% in May—the highest in three years—driven by global disruptions. The Fed is under pressure to act, though they’ve paused rate hikes for now. Chairman Kevin Warsh insists inflation must return to the 2% target, and the Fed…
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