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Confounding US economic, inflation data muddy Fed’s rate path /
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2024-06-07 11:10:09

Confounding US economic, inflation data muddy Fed’s rate path on Nostr: US Job Market Shows Signs of Cooling as Employment Report Indicates Slower Growth ...

US Job Market Shows Signs of Cooling as Employment Report Indicates Slower Growth
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#2140b79c ver:1.44

The US job market is showing signs of cooling as the May employment report indicates slower growth. Job gains remained steady at 180,000, while the unemployment rate stayed at 3.9%. Wage growth is gradually slowing, and economists predict a softening in the labor market ahead. The Federal Reserve is not expected to consider interest-rate cuts based on the report. #USjobs #economy #employment...

#newstr #UsJobsReport #LaborMarket #UsEconomy #WageGrowth #FederalReserve #Unemployment

https://here.news/story/2140b79c?ver=1.44
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