The US job market really looks like it’s slowing down. However, it still exceeds the Federal Reserve’s speed limit.
The Labor Department on Friday said the economy added 390,000 jobs last month, down from April’s 436,000 and the lowest gain in more than a year. Over the past three months, 1.2 million jobs were added — a significant step down from December when the three-month straight increase was 1.9 million.
https://www.wsj.com/articles/jobs-arent-slowing-enough-yet-to-slow-down-the-fed-11654268993?mod=rss_markets_main Jobs Aren’t Slowing Enough Yet to Slow Down the Fed