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Jun 6, 2022

NYT: Hiring Strong Even as Fed Tries to Ease Inflation

The Federal Reserve’s attempts to cool down the economy are not yet affecting hiring, as jobs numbers show a 17th straight monthly gain, The New York Times reported. “It’s a challenge, because they want to pull people into the labor force. They know the way to do that is through higher wages,” institute Chief Economist Gerald Cohen told the Times. “But higher wages can also breed higher inflation.”

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