{"id":5660,"date":"2026-07-02T13:54:28","date_gmt":"2026-07-02T13:54:28","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/latest-jobs-report-shows-labor-market-is-not-a-source-of-inflationary-pressure\/"},"modified":"2026-07-02T13:54:28","modified_gmt":"2026-07-02T13:54:28","slug":"latest-jobs-report-shows-labor-market-is-not-a-source-of-inflationary-pressure","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/latest-jobs-report-shows-labor-market-is-not-a-source-of-inflationary-pressure\/","title":{"rendered":"Latest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure"},"content":{"rendered":"


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Kevin M. Warsh made one thing abundantly clear<\/a> in his first weeks as chairman of the Federal Reserve. With inflation running for five years above the central bank\u2019s 2 percent target, the Fed would put achieving price stability over just about everything else.<\/p>\n

A steady labor market gives Mr. Warsh the space to do so, with data released on Thursday reinforcing the notion that wage pressures are not the primary driver of inflation right now.<\/p>\n

The unemployment rate ticked down to 4.2 percent in June as more people left the labor force. Average hourly earnings stayed relatively muted, rising 0.3 percent for the month or 3.5 percent compared with the same time last year. The increases have been more than offset<\/a> by the acceleration in inflation in recent months.<\/p>\n

Since April, consumer prices have risen at the fastest pace in three years<\/a>, reflecting a surge in energy costs caused by the war with Iran and a run-up in prices related to the boom in artificial intelligence. In recent weeks, however, oil prices, and those for gasoline, shipping and other categories, have fallen sharply as signs emerged of a deal to end the conflict.<\/p>\n<\/div>\n