Employers are trying to hire from an unusually tight pool of workers available. Former Treasury Secretary Lawrence Summers discusses the Federal Reserve’s policy meeting and the outlook for U.S. growth amid inflation and increased geopolitical turmoil. Restaurants, hotels and other leisure and hospitality industries led the way in hiring last month, though factories, warehouses and white-collar companies all posted strong job gains. Wage growth cooled a bit but remained robust, with workers’ average hourly earnings up 5.5% over the past year though not enough to keep up with inflation . Friday’s report included a puzzling decline in the labor force—the first since September—as 363,000 people retreated to the sidelines, shrinking what was already a tight labor pool . Investors, bracing for further interest-rate increases as the Federal Reserve tries to cool the economy and bring down inflation, extended on Friday one of Wall Street’s worst selloffs since the pandemic […]