Latest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure
Published: 2026-07-21 • Permanent link
The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
More details are emerging as this story continues to develop. Stay with Banking With Billy for ongoing coverage and analysis.
More details are emerging as this story continues to develop. Stay with Banking With Billy for ongoing coverage and analysis.
Why it matters: The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
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