US jobs data show broad cooling after run of surprise strength

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US jobs data show broad cooling after run of surprise strength

Sat, 11/04/2023 - 00:47
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U.S. job growth slowed by more than expected and the unemployment rate rose to an almost two-year high of 3.9%, indicating that employers’ strong demand for workers is beginning to cool. Nonfarm payrolls increased 150,000 in October following downward revisions to the prior two months, a Bureau of Labor Statistics report showed Friday. Monthly wage growth slowed. The latest figures suggest some…

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