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Friday, December 8, 2023

April Jobs Report: Labor Market Strength Defies Fed Tightening

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By Seema Shah, Chief Global Strategist

The April jobs report defied expectations for a slowdown, instead showing a drop in the unemployment rate back to 3.4%, a solid increase in non-farm payrolls, and an acceleration in

Nonfarm payrolls and average hourly earnings 2021–present

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