BUSINESSABC NEWS
Hiring worse than expected in June amid elevated inflation
Hiring slowed in June, falling short of economists' expectations, indicating a wobbly labor market amid elevated inflation linked to the Iran War.
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Adjacent reporting
- French Inflation Was Faster Than Initially Thought in March
- Euro-Zone Inflation Slows More Than Expected as Oil Retreats
- UK inflation rate eases to 2.8% in April, but slowdown is expected to be short-lived
- US Wholesale Prices Rise Less Than Forecast in March
- The Iran war hasn’t slowed the economy, but higher inflation leads companies to freeze hiring