|
The latest labor market data released on Thursday reinforces the central bank's wait-and-see approach to lowering borrowing costs, despite pressure from President Trump.
|
|
The jobs report beat expectations, while the unemployment rate dipped one-tenth of a percentage point to 4.1%.
|
|
Private sector employers cut 33,000 jobs in June, the first decline in over two years, while annual pay grew 4.4% year-over-year, payroll giant ADP reported.
| RELATED ARTICLES | | |
|
A gradual pullback in hiring and job openings has come as hundreds of thousands of federal workers are out looking for employment.
|
|