US jobs report set to provide some comfort to Fed: Eco Week


US employers are gradually pulling back the pace of hiring and hourly earnings are moderating, providing some comfort to Federal Reserve policymakers as they try to wrangle persistently high inflation.

Public data on Friday is expected to show payrolls in the world’s largest economy rose by less than 200,000 in May, down from average monthly job growth of about 370,000 over the past year. Earnings are seen rising 0.3% from the previous month, when they posted the biggest advance in a year.

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