Those same workers have seen their wages grow faster than the overall average in the last year thanks to the labor shortage.
Trevon Logan, professor of economics at The Ohio State University, says we're looking at a "new normal" for the federal funds rate.
The U.S. economy might have an easier time achieving a "soft landing" than economies in Europe and elsewhere.
It'll also end its large-scale bond-buying program. Central bankers are trying to tame inflation — like their U.S. counterparts at the Federal Reserve.
But it's great for Americans who want to buy imports.
For some, it's about consumers spending less. For others, it's about other businesses spending less.
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.
That may be a sign that the overheated job market is cooling down.
Why the Federal Reserve owns mortgage-backed securities — and what it hopes to achieve by offloading them
It all dates back to the financial crisis of 2008-09.
A slowing economy could help bring worker supply and demand back into balance.