Mortgages

The rate of hourly pay and hiring growth slackened last month at small businesses, which also had a harder time finding workers.

The unemployment rate nevertheless rose by 0.3 percentage point to 3.7%, the U.S. Bureau of Labor Statistics reported.

ADP reported some sectors saw employment declines, including professional and business services and large companies.

Hourly earnings growth for U.S. workers decelerated to 4.33% in May, while small business job growth declined slightly by 0.04% from April, Paychex reported.

McCarthy has told Biden that he did not intend to retreat from public refusals to accept additional taxes as part of an agreement.

Members of the Senate and House introduced bipartisan legislation to build more housing with the credit.

The unemployment rate fell one-tenth of a percentage point to 3.4%.

Annual pay also grew 6.7% year-over-year, payroll provider ADP reported.

The pace of hiring, pay and hours worked decelerated last month, according to a report released Tuesday by payroll provider Paychex.

Employers dampened their hiring amid worries over banking failures and interest rate hikes.