Job Growth Slows Slightly

“Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market,” CNBC reports.

“Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%.”

Wall Street Journal: “At the start of the year, many economists forecast that the Fed’s rate increases would cause a recession by midyear and hiring to ease.”

“Instead, inflation and economic activity haven’t slowed as much as Fed officials expected, prompting them to project more rate increases to come.”