Sluggish US Jobs Report Clears the Way for Federal Reserve to Cut Interest Rates More Matt York FILE - A linesman works on power lines under the morning sun, July 12, 2024, in Phoenix. (AP Photo/Matt York, File) WASHINGTON (AP) — Hiring by America’s employers ...
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For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades.
WASHINGTON — America's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed. Last month's job growth marked an increase from July's revised gain of 157,...
America’s employers added a solid 236,000 jobs in March, reflecting a resilient labor market and suggesting that the Federal Reserve may see the need to keep raising interest rates in the coming months. Theunemployment rate fell to 3.5%,not far above the 53-year low of 3.4% set in Janua...
The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. "Since earlier in the year, labor market con...
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U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates.
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The Labor Department said 113,000 jobs were created last month, less than the 145,000 expected by economists. The Federal Open Market Committee convenes on Tuesday. If it leaves rates unchanged, it would be the first time in over two years that it has not raised rates. ...