Employment Expansion Stalls in April with Increased Unemployment and Dampened Wage Growth
The long-awaited cooling in the labor market may have begun in April, when 175,000 weaker-than-expected wages grew and the unemployment rate rose to a modest 3.9%. Wage growth is also slower, a sign that the Federal Reserve is trying to curb stronger inflation. This number fell short of the 240,000 figure and followed a March…