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At close · Thu, Jul 9, 2026
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Home›Global Markets›Economy›Unemployment rate falls to 4.2% as hourly earnings sta…

Unemployment rate falls to 4.2% as hourly earnings stay steady

Average hourly earnings were steady, indicating the labor market is not adding inflationary pressure, according to a latest jobs report.

Reported · Written up by our desk · Economy

The latest jobs report showed the unemployment rate ticked down to 4.2 percent, while average hourly earnings were steady, according to The New York Times.

NYT Economy reports this gives Federal Reserve chairman Kevin Warsh room to focus on fighting inflation, as the labor market does not appear to be generating new inflation pressure.

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Sources

NYT EconomyLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure

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