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U.S. employers continued to hire at a solid pace last month and the jobless rate unexpectedly returned to a historic low, indicating a sturdy labor market that puts the inflation-focused Federal Reserve on course for another outsize interest-rate hike.
The unemployment rate unexpectedly dropped to 3.5%, matching a five-decade low. Average hourly earnings rose firmly, a Labor Department report showed Friday.
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Despite job openings and increasing unemployment, employers are having a hard time filling roles formerly occupied by non-American workers.
Legislation can help small employers offer health benefit options that attract and retain talent.
Employers are growing cautious about expanding their staff, while at the same time mostly holding onto their existing workers.
Thousands of government workers that lost their jobs during the Trump administration's cost-cutting crusade are struggling to find work.
A historic decline in CEO confidence reveals that leaders will be looking to cut costs and slow hiring to address economic uncertainty.
