Author: Paul Davidson, USA TODAY

Private sector has regained all 22M jobs lost in COVID and then some. Government is well short, mainly because it’s struggling to hire, retain workers

Inflation touched a new 40-year high last month as gas, food, and rent costs surged. That will likely mean another big Fed rate hike this month.

June consumer price index is likely to reveal another new 40-year high. There are signs inflation is easing but a big Fed hike is still expected.

The economy added better-than-expected 372,000 jobs in June amid high inflation and a slowing economy. Unemployment was unchanged at 3.6%.

Many job seekers are weighing multiple offers in a labor market that is still scorching despite signs of an economic slowdown.

College graduates get better jobs at higher pay, along with flexible hours, remote work and student debt repayment as employers face worker shortages.

The Fed hiked its key interest rate by the most since 1994 to fight inflation. It forecast more big increases that will impact rates for consumers.

Inflation hits new 40-year high in May as gas, food, rent prices jump, CPI report shows.

Inflation likely stayed near a 40-year high in May after easing the prior month. Price increases are set to slow. CPI report may show how quickly.

The economy added 390,000 jobs in May amid high inflation and worker shortages, according to data released June 3. Unemployment is unchanged at 3.6%.