The rate of job growth moderated in June while May figures were revised downward — a trend that Wall Street analysts view as a positive sign that the Federal Reserve will slash interest rates later this year.

People who left during during the pandemic are still being replaced. Providers struggle to fill the gaps as demand steadily rises.

Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cu

Federal Reserve Chair Jerome Powell said Tuesday that the job market has “cooled considerably” over the past two years. “The most recent labor market data do send … a pretty

Federal Reserve Chair Powell testified during a House Financial Services hearing that he is paying attention to how the jobs market is affecting the economy. NBC News’ Brian Cheung explains Powell’s approach to potentially cutting interest rates in the fall.

Federal Reserve Chair Jerome Powell told Congress Tuesday the labor market "has cooled really significantly across so many measures," a development economists say could make the central bank more likely to lower interest rates soon.