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U.S. job creation slowed to 261,000 --- but it's still too strong for the Fed

Por: MarketWatch Politics November 04, 2022

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Although the increase in hiring was the smallest since April 2021, it was still historically strong. The U.S. added an average of 200,000 new jobs a month in the five years before the pandemic. The unemployment rate, meanwhile, rose to 3.7% from 3.5%,, as more people lost jobs and the size of the labor force shrank a little bit. Those might be signs of a chink in a heavily armored labor market. Fed Chairman Jerome Powell said on Wednesday the... + full article



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