U.S. Labor Market Shows Signs of Cooling, Potential Fed Rate Cuts in July

According to Odaily, Jamie Cox, managing partner at Harris Financial Group, has noted that while the U.S. labor market remains robust, it is gradually cooling. Given the significant revisions in the latest non-farm payroll report, Cox anticipates that the Federal Reserve may resume interest rate cuts in July. Although current wage levels are stable, changes are likely in the coming months. The real estate sector poses the greatest variable for the job market, as early warning signs have emerged, and a cooling labor market could exacerbate this trend.