Powell: A rise in unemployment would have to be meaningful for us to react
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One of the most notable findings from the jobs report released this morning is that job creation has finally slowed down, with employers adding 175,000 jobs in April. The shift comes after a period of steady job growth and low unemployment, exceeding the expectations of economists who had warned that the labor market would eventually cool off. The unemployment rate has now remained under 4% for 27 months, a streak that the U.S. economy has not seen in over 50 years. While the unemployment...
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U.S. job gains fewest in 6 months; unemployment rises
WASHINGTON >> U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4.0% for the first time in nearly three years, but it is probably too early to expect that the Federal Reserve will start cutting interest rates before September as the labor market remains fairly tight.