US Employment Seen Moderating Along With Wage Growth

News Snapshot:

(Bloomberg) -- US employers probably tempered their hiring while wage growth moderated in June, another favorable development for Jerome Powell and his Federal Reserve colleagues seeking more confirmation that inflation is slowing. Payrolls in the world’s largest economy are projected to have increased by about 190,000, according to a Bloomberg survey of economists ahead of Friday’s report. That’s a step down from the surprisingly robust 272,000 gain in May. The jobless rate probably held at 4%. Average hourly earnings are projected to have climbed 3.9% from June of last year, the smallest annual advance in three years. Recent data including...