Where are all the new jobs? Hiring slows again — and it probably won’t speed up soon.
The U.S. labor market seemed to be on upswing after a surge in new employment early this year — but a summer slowdown in hiring and fewer help-wanted ads suggest it won’t get any easier to find a job.
The U.S. labor market seemed to be on upswing after a surge in new employment early this year — but a summer slowdown in hiring and fewer help-wanted ads suggest it won’t get any easier to find a job.
BELLINGS Intelligence Score: 72
Why it matters
The slowdown in U.S. hiring and fewer help-wanted ads signal a cooling labor market, which is a key monetary-policy indicator likely to influence Fed rate expectations and credit conditions for all readers.
Sources
MarketWatch
Where are all the new jobs? Hiring slows again — and it probably won’t speed up soon.
The U.S. labor market seemed to be on upswing after a surge in new employment early this year — but a summer slowdown in hiring and fewer help-wanted ads suggest it won’t get any easier to find a job.