US Employers Scale Back Hiring in April, Opening Possibility for Fed Interest Rate Cuts
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#2140b79c ver:1.2

US employers scaled back hiring in April, with only 175,000 jobs added, below expectations. This weak jobs report is seen as positive by the Federal Reserve, as it aligns with their goal of cooling the labor market and preventing inflation. Investors are now expecting interest rate cuts in September. However, concerns remain about the concentration of job growth in certain sectors and the gradual increase in the unemployment rate. Wage growth also slowed. The upcoming release of the Consumer Price Index will provide further insight into inflation trends. #jobs #economy #inflation #interestrates...

#newstr #UsEmployers #Hiring #April #FederalReserve #InterestRates 

 https://here.news/story/2140b79c?ver=1.2