Job Market Slows as Fed Watches Inflation | Adelaide News

The U.S. job market is cooling—June added just 57,000 jobs, below expectations, as 720,000 people dropped out of the labor force. April and May’s job gains were also revised down, signaling a broader slowdown. Healthcare slowed to 22,000 new jobs, while hospitality lost 61,000 despite the World Cup. Hiring and quits remain steady, hinting at economic stagnation. With inflation easing, the Fed may prioritize price stability ahead of its next meeting. 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/97e0eca08aa0cdcf