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US likely added nearly 100,000 jobs in July, but market is still tough for young and unemployed
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WBAL Baltimore News
WASHINGTON (AP) — The U.S. job market stalled unexpectedly last month, delivering a political blow to President Donald Trump three months ahead of midterm elections and complicating decision-making for the inflation fighters at the Federal Reserve.
“The Fed has to consider the health of the job market as they debate whether a hike is justified,″ said Glassdoor’s Zhao.
“The U.S. labor market is stalling again and that is going to make the Federal Reserve’s job harder and life for job seekers rough.”
But Americans who have lost their jobs – or are seeking to bust into the job market for the first time – are struggling to catch a break.
Economists have used the term “no hire, no fire” to describe the unusual job market conditions.