Although U.S. employers added far more jobs in June than analysts expected and the unemployment rate remained at 3.6 percent, some experts say that a closer look at the data reveals that the metrics the Fed looks at to gauge whether inflation is slowing down have all deteriorated.
The closely-watched non-farm payrolls report, released on July 8 by the Bureau of Labor Statistics (BLS), showed that the U.S. economy added 372,000 jobs last month, well above the market estimate of 250,000.
The jobs report also showed the unemployment rate holding steady at 3.6 percent while U-6, a broader measure of unemployment that includes people out of the workforce who are ready to take a job, fell to 6.7 percent, a record low….