As the labor market nears its full recovery, economists are urging the United States not to “exceed full employment.”
The U.S. labor market cooled last month, a mixed blessing for workers worried about rampant inflation and the possibility of a recession. Employers added 390,000 jobs in May, down from 428,000 added in April, and the unemployment rate remained stable, according to the latest report from the Bureau of Labor Statistics. Although almost all private …