General World News

Labor market shows signs of a gradual slowdown

Signs of a slowdown in the labor market have emerged, sparking hope that the Federal Reserve may stop its ongoing tightening monetary policy, which has spurred increasing mortgage rates

But industry observers say it’s prudent to wait for inflation figures in order to bet that the Fed’s rate hikes are over. The slowdown in the labor market has been very gradual, according to them. 

Total nonfarm payroll employment rose in March by 236,000 jobs compared to the previous month, according to data released Friday by the Bureau details ⇒

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