Super-Powered Labor Market Fights the Fed

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The Federal Reserve will likely keep rates on hold later this month, but strong job numbers may forecast future rate hikes, explains Heard on the Street’s jdlahart WSJWhatsNow

June 2, 2023 11:08 am ETHiring remained strong in May as the U.S. added 339,000 jobs. The unemployment rate remains at a historic low, but increased slightly from April. Photo: Joe Raedle/Getty Images

The job market keeps singing a tune from Bizarro Annie: “The sun will go down tomorrow, just you wait and see.”Continue reading your article with

 

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