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U.S. employers hired 4.83 million people in June, compared with 4.74 million in May, lifting the hiring rate to 3.5 per cent from 3.4 per cent.
U.S. employers hired 4.83 million people in June, compared with 4.74 million in May, lifting the hiring rate to 3.5 per cent from 3.4 per cent.
(MIKE SEGAR/REUTERS)

Two numbers that are holding back a Fed rate hike

The work of the professional Fed watcher has become more complicated of late. It used to be as easy as keeping an eye on inflation and the unemployment rate. But the Fed’s leaders have made clear they don’t fully trust those dials right how. They have upgraded to a dashboard worthy of this Big Data era.