Latest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure
Published: 2026-07-20 • Permanent link
The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
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Why it matters: The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
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