Tag: Nonfarm Payroll
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Weak Job Gains Solidify Fed’s Path to Rate Cuts
Following a weak jobs report in October, it seems likely that the Federal Reserve will proceed with an interest-rate cut next week. The data released Friday shows that U.S. employers added only 12,000 jobs last month—the lowest monthly gain since December 2020. Economists had expected a far stronger increase of 113,000 jobs, even after factoring…