US jobs post smallest gain in six months as unemployment rises

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US jobs post smallest gain in six months as unemployment rises

Sat, 05/04/2024 - 05:30
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U.S. employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year. Nonfarm payrolls advanced 175,000 last month, the smallest gain in six months, a Bureau of Labor Statistics report showed Friday. A later release showed that business activity in the service sector — the largest part of…

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