Cooler hiring and milder pay gains could aid inflation fight

  • A hiring sign is displayed at a grocery store in Arlington Heights, Ill., Dec. 27, 2022. America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation. (AP Photo/Nam Y. Huh, File)

WASHINGTON — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring.