Job Market Finally Shows Signs of Slowing Down
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Happy Friday! Job Market Finally Shows Signs of Slowing Down Employers hired 150,000 new workers in October, the Labor Department announced Friday, marking a slowdown in the pace of hiring in the U.S. economy. Job gains in August and September were revised lower, as well, with the September reading moving down by 39,000 to a still robust 297,000. The labor force decreased by 201,000 last month, and the unemployment rate rose slightly to 3.9% — low by historic standards, but the highest reading since January 2022.
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