The concern is that higher rates are putting pressure on households and businesses looking to borrow, weighing on hiring, investment and the housing market.
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US employers added a solid 199,000 jobs in November in sign of a still-sturdy labor market
Still, the job market is gradually decelerating along the lines that Fed officials have wanted to see. The Fed has raised its key short-term rate from near zero to about 5.4%, a 22-year peak, leading to higher borrowing rates for consumers and businesses and lower inflation. Despite that headwind, the economy and the job market […]
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US employers add a surprisingly strong 275,000 jobs in sign of continued economic strength
Last month’s job growth was up from a revised gain of 229,000 jobs in January.
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