How Fed Avoids Deterring Bondholders With 7% Jobless Is Mystery

How Fed Avoids Deterring Bondholders With 7% Jobless Is Mystery

Patrick T. Fallon/Bloomberg

Job seekers wait to interview at the Hire Live Job Fair in El Segundo, California. The U.S. unemployment rate dropped to 7.5 percent last month from 7.6 percent in May as employers added 165,000 jobs, according to economists surveyed by Bloomberg News ahead of a July 5 report.