US jobs report likely to show a solid gain, potentially complicating Fed’s drive to cool inflation
WASHINGTON (AP) — Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is near but could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation.
Employers are forecast to have added 205,000 jobs in June, according to economists surveyed by data provider FactSet. Though below recent monthly gains, that would amount to a healthy increase and reflect a historically high number of advertised job openings.