Election 2024 coverage presented by
Last updated 3 mins ago
Election 2024 coverage presented by
Last updated 3 mins ago
U.S. job growth was slightly less than expectations in August, but probably not weak enough to prompt the Federal Reserve to begin its rate-cutting cycle later this month with a 50 basis point move.
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The jobs market softened appreciably in July with the U.S. adding just 114,000 jobs during the month and the unemployment rate rising to 4.3%, according to the Bureau of Labor Statistics.
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The employment market in the U.S. remained strong in May with the government reporting the addition of 272,000 jobs, far past estimates for just 185,000 and well ahead of April's 165,000 (revised from...
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