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Jobs Slow, Wages Lag Behind Inflation | Annapolis News
June’s job report delivered a sobering snapshot: only 57,000 new jobs added, down from earlier estimates and continuing a pattern of downward revisions. Economists are split—some see it as a necessary slowdown to keep unemployment steady, while others worry it’s a sign of deeper economic drag. Over the past year, job growth has stalled at half a million, the weakest pace in a decade (excluding pandemic lows). Policy and economic uncertainty are likely to blame. Wages in the private sector rose, but not enough to beat inflation—meaning real pay is shrinking for millions. The unemployment rate…
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