Breakingviews - US job market’s shifting balance

in the year through June, while job-keepers’ wages climbed 6%, payroll services firm ADP said Thursday.

The gap between the two has narrowed by nearly half since last year, approaching where it was in late 2020, when inflation last ran below the Federal Reserve’s target. It may shrink further: Quitting hasThat suggests companies are having an easier time hiring, reducing pressure to lift prices to cover payroll. And although job creation is

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