Asian Spectator

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Why employment remains red hot even as the Federal Reserve tries to put job market on ice

  • Written by Edouard Wemy, Assistant Professor of Economics, Clark University
Why employment remains red hot even as the Federal Reserve tries to put job market on iceIs strong hiring fanning the flames of inflation?AP Photo/Nam Y. Huh

The hot U.S. labor market is showing few signs of cooling down, with the latest jobs report showing continued strong gains, particularly in service industries such as retail and hospitality. The robust employment landscape may put pressure on the Federal Reserve to raise rates...

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