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The Jobs Report Just Made the Fed's Life Harder
Episode 819
Published 4 months, 3 weeks ago
Description
Markets had been bracing for another sign that the U.S. labor market was cooling: payroll growth somewhere around 85,000 to 88,000, unemployment steady at 4.3%, and enough weakness to keep the Fed comfortable staying on hold. Instead, the economy added 172,000 jobs.
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