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Blog
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New Jobs Numbers May Keep Pressure on Fed
America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation, per the AP . The number was above expectations of 208,000. Rate: The unemployment rate rose to 3.... Go to Source Author:
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Latest Jobs Report Pleases the Markets
Hiring cooled off a bit in December from the previous month, though the numbers reflect a still-strong labor market. Another part of Friday's unemployment report—on wage gains—has the stock market in a pretty good mood: Hires: Employers added 223,000 jobs in December, slightly above expectations of 200,... Go to Source Author: John Johnson
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Latest Jobs Report Pleases the Markets
Hiring cooled off a bit in December from the previous month, though the numbers reflect a still-strong labor market. Another part of Friday's unemployment report—on wage gains—has the stock market in a pretty good mood: Hires: Employers added 223,000 jobs in December, slightly above expectations of 200,... Go to Source Author: John Johnson
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Hiring Is Again Stronger Than Expected
The latest jobs report came in stronger than expected, which may not be great news for investors hoping the Fed eases up on rate increases. As the AP puts it, "the economy remains a picture of solid job growth and painful inflation." The details: New jobs: Employers added 261,000... Go to Source Author: John Johnson
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263K Jobs Added Last Month, Plus a Surprise Dip
America's employers slowed their hiring in September but still added a solid 263,000 jobs—a dose of encouraging news that may mean the Federal Reserve's drive to cool the job market and ease inflation is starting to make progress. Friday's government report showed that last month's job growth was... Go to Source Author: