Hiring Up, But Yellen ‘dashboard’ Signals Caution
With employers ramping up hiring and the unemployment rate sinking in the past year, pressure is rising on Janet Yellen’s Federal Reserve: Is the time near to raise interest rates to prevent a strengthening economy from igniting inflation? Employers, after all, have added an average 244,000 jobs a month since February — the best six-month hiring spree in eight years. But the Fed chair has made clear she monitors many gauges of the job market beyond hiring and unemployment.
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