- The US labor market gathered momentum in the latest month, with hiring gains dispersed across most sectors.
- The report points to labor-market resilience despite uncertainty from the Iran war and inflation pressure, increasing the importance of upcoming consumer-price data for the Fed’s decision.
Quotes
“The US labor market gathered momentum last month with hiring gains dispersed throughout most sectors.”
“The report indicates the job market is powering through uncertainty from the Iran war and pressure from inflation.”