Charting the Global Economy: US Job Growth Cools, BOE Cuts Rates
An employee in the mail sorting room at the Internal Revenue Service campus in Austin, Texas.
Photographer: Jordan Vonderhaar/BloombergThis article is for subscribers only.
US employment growth moderated at the start of the year, partly a reflection of winter weather and Los Angeles-area wildfires, after two months of solid hiring.
With the labor market showing few signs of unraveling, the Federal Reserve will remain patient on interest rates as they await further progress in slowing inflation that’s at risk of staying elevated because of tariffs.