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 Powell's Testimony Suggests Softening of Controversial Bank Capital Proposal READ MORE Deutsche Bank Joins Goldman Sachs in Bullish Gold Forecast READ MORE Could Trump's Policies Strengthen Dollar? Experts are Split READ MORE Dollar Strengthens Ahead of Crucial Economic Indicators, Bank of Canada Meeting READ MORE Jamie Dimon Warns of U.S. Debt Crisis as Nation Adds $2.1 Trillion in Three Months READ MORE Add a Comment Cancel replyYour email address will not be published.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