CNN CNN Newsroom Live June 4, 2024 07:55:00
A. u.s. employers have now added jobs for 30 months in a row. the jobless rate ticked down slightly to 3.6%, a sign the labor market remains tight. some of the biggest job gains were in government, healthcare, and construction, while hiring in leisure and hospitality slowed last month. however, wages ticked up 4.4% from last year, which means the federal reserve may still have more work to do. now, the central bank hoped wages would cool after 10 consecutive rate hikes. the fed is paying very close attention to every data point, and said they are not done raising interest rates just yet. that ...
Source: archive.org