Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers who have been worried that rapidly rising wages could make it harder to get inflation under control.

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Job Openings Dipped in May, a Sign of Continued Cooling Hiring was largely unchanged, and the number of workers quitting their jobs increased. The data will be watched closely by Federal Reserve policymakers.