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US Federal Reserve won't flinch as labour market starts tailing off

US Fed will take the data in stride as it prepares to keep boosting interest rates and wait for a more-sustained cooling in job growth to help moderate wage gains and inflation

Photo: Bloomberg
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Photo: Bloomberg

Vince Golle | Bloomberg
The upcoming US jobs report is projected to show the labor market, while still tight, may be starting to transition to more moderate payrolls growth from out-sized monthly advances.  

Payrolls probably increased by about 325,000 in May after rising 428,000 in each of the previous two months, according to the median estimate in a Bloomberg survey of economists ahead of Friday’s report. While still robust, the projected advance would be the smallest in just over a year.

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First Published: May 29 2022 | 7:50 AM IST

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