05/19/2024

Mixed Jobs Report Sets Fed Up for Close Call on Rates

The U.S. labor market sent conflicting signals in August—an improved unemployment rate alongside slower hiring—leaving Federal Reserve officials with a mixed picture as they prepare for a critical policy meeting that has been complicated by global turmoil.

Employers slowed their hiring to add 173,000 jobs last month, the Labor Department said Friday, due to losses in two sectors—manufacturing and mining—that have been hit by a…

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