US Labor Market Shows Signs of Cooling as Hiring Pace Moderates Recent labor market data in the US indicates a slowdown in hiring and wage growth. ADP Research Institute reports show private companies hired at a more moderate pace in June, with wage increases cooling for both job changers and job stayers. Additionally, recurring unemployment claims have risen for nine consecutive weeks, suggesting difficulties in finding new employment. The data, released ahead of the government’s June employment report, points to weakening demand for workers across various sectors, with notable exceptions in leisure and hospitality. These trends align with Federal Reserve Chair Jerome Powell’s recent comments about a move towards balance in the labor market supply and demand. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Steps Toward De-Dollarization in Zimbabwe READ MORE Analysts Predict Gold to Continue Climbing After Record Highs READ MORE HSBC: Why Gold Prices Continue to Break Records READ MORE Thursday's PCE Price Index Release to Shine a Spotlight on Inflation Trends READ MORE Gold Performance Key to Silver's Rally, HSBC Reports READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment