The Labor Market Might Be Bending; It Isn’t Breaking

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Heard on the Street: The U.S. job market isn't at a rolling boil anymore. It's hardly tepid.

The latest U.S. jobs report gives important context on what comes next for how American companies are managing growing fears of a recession. WSJ’s Dion Rabouin explains. PHOTO: Jordan Vonderhaar/Bloomberg NewsThe U.S. job market isn’t at a rolling boil anymore. It is hardly tepid.

That is good news for the economy, but less good for any investors hoping the Federal Reserve won’t raise rates at its meeting next month, much less embark on an easing campaign anytime soon.

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