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U.S. Economy Adds 165,000 Jobs in October, Exceeding Forecasts and Signaling Potential Federal Reserve Rate Hike
U.S. Economy Adds 165,000 Jobs in October, Exceeding Forecasts and Signaling Potential Federal Reserve Rate Hike
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Reuters
US job growth surges in October; unemployment rate falls to 4.1%
By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US job growth accelerated in October and the unemployment rate fell to 4.1%, suggesting that the labor market could be strengthening after stumbling in mid-summer and keeping the Federal Reserve on track to raise interest rates in December.
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Reuters
US job growth beats expectations in October; unemployment rate falls to 4.1%
By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US nonfarm payrolls increased more than expected in October and the unemployment rate fell to 4.1%, suggesting the labor market remained resilient and giving the Federal Reserve more scope to focus on inflation stemming from the Middle East conflict.
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Reuters
Strong October jobs report sends yields higher
NEW YORK, Nov 6 (Reuters) - US nonfarm payrolls rose more than expected in October and the unemployment rate fell to 4.1%, suggesting the labor market remained resilient and giving the Federal Reserve more scope to focus on inflation stemming from the Middle East conflict.
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USA Today
U.S. economy added 165,000 jobs in October, above expectations
U.S. employers added 165,000 jobs in October, surpassing forecasters' expectations and marking a strong gain after months of sharp swings in hiring.
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Trendline
Treasury Yields Fluctuate Amid Strong Hiring and Tech Selloff
Treasury Yields Fluctuate Amid Strong Hiring and Tech Selloff
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Reuters
US job growth expected to pick up in October, with moderation in wage gains
By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US nonfarm payrolls likely picked up in October, but an anticipated slowdown in annual wage growth to below 3.0% for the first time in nearly 5-1/2 years would reinforce the view that the labor market was not a source of inflation.
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Trendline
RSM US LLP Reports Strong October Job Growth and Economic Expansion
RSM US LLP Reports Strong October Job Growth and Economic Expansion
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Reuters
US labor market regains ground as job growth surges, unemployment rate falls to 4.1%
By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US job growth accelerated in October and the unemployment rate fell to 4.1%, suggesting that the labor market could be strengthening after stumbling in mid-summer and keeping the Federal Reserve on track to raise interest rates in December.
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Reuters
Fed's Hammack favors gradual rate-hike path to lower inflation
Nov 5 (Reuters) - Cleveland Federal Reserve President Beth Hammack said on Thursday the US central bank has more work to do to get inflation down to its 2% target, as price pressures remain unacceptably high.
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Trendline
Cleveland Federal Reserve President Beth Hammack Advocates for Gradual Interest Rate Hikes to Combat Inflation
Cleveland Federal Reserve President Beth Hammack Advocates for Gradual Interest Rate Hikes to Combat Inflation
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Reuters
US worker productivity surges in third quarter
WASHINGTON, Nov 5 (Reuters) - US worker productivity grew faster than expected in the third quarter, depressing labor costs and supporting views that the labor market was not a source of inflation.
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