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Jobs Slow, Inflation Lingers | Charleston News
The latest jobs report reveals a sluggish labor market: only 57,000 jobs added in June—far below expectations—and revisions cut April and May numbers by 74,000. While the 4.2% unemployment rate dipped slightly, it’s misleading: the labor force shrank, and key sectors like leisure and hospitality lost jobs. Wage growth hasn’t kept up with inflation, and hiring remains at its slowest pace in a decade (outside the pandemic). Economists blame uncertainty and cautious business behavior. With inflation still a top concern, the Fed is likely to hold off on rate cuts. Listen in comfort:Get a discount…
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