05/14/2024

Job Growth Stays Steady, but Signs of Slack Persist

WASHINGTON—U.S. employers are adding jobs at a steady clip though the labor market is showing little sign of overheating, factors likely to reassure Federal Reserve officials as they weigh their first interest-rate increase since 2006.

Nonfarm payrolls rose a seasonally adjusted 215,000 in July, the Labor Department said Friday. Revisions showed…

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