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Jobs report shows big 336,000 gain in hiring in September. Labor market still hot.

Por: MarketWatch Business October 06, 2023

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The unemployment rate, meanwhile, was unchanged at 3.8%, . The surprise increase in hiring, unless it’s a one-off, could complicate the Federal Reserve’s decision on when to stop raising interest rates. The central bank is weighing whether to approve one more hike this year and the September employment report could nudge them in that direction. The Fed has sharply increased borrowing costs to tame inflation, but it risks a recession if it... + full article



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