Job Market Slows Amid Rate Watch | Lincoln News

Job growth in the U.S. is cooling faster than expected, with July seeing a surprise drop of 23,000 jobs — and revisions for May and June show even weaker gains. While unemployment dipped slightly to 3.6%, it’s partly due to fewer people actively seeking work, signaling growing labor market discouragement. The Fed, already hiking rates to fight inflation, may now reconsider its pace as hiring slows across sectors — hinting at a potential economic shift ahead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7bdb617e8b54ecfd