Labor and Jobs – Page 157

The Cooling Economy

The job market is still strong, but the long-expected slowdown has begun.

The gain of 263,000 was shy of recent monthly totals but still robust. Stocks fell on fears of a harder, longer Fed campaign to fight inflation.

There are reasons for optimism about inflation.

Despite slowing slightly, wage growth remains strong. Fed officials are likely to see that as a green light to stay focused on cooling the economy.

Technologists have long been warning that robots will replace human workers. It doesn’t seem to be happening.