Unemployment articles
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LONGEST PERIOD OF LOW UNEMPLOYMENT ON RECORD
LONGEST PERIOD OF LOW UNEMPLOYMENT ON RECORD (First column, 4th story, link) Related stories:BUT HIRING SLOWS IN APRIL Drudge Report Feed needs your support! Become a Patron
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Hiring Slows in April As Unemployment Ticks Up
The Federal Reserve's decision last year to begin jacking up interest rates to cool the economy may finally be taking hold. The latest evidence for that is April's jobs report which shows a huge drop in new jobs added from March's 303,000 to April's 175,000. This raised the unemployment rate to 3.9%.
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Powell: A rise in unemployment would have to be meaningful for us to react
FED'S POWELL: A RISE IN UNEMPLOYMENT WOULD HAVE TO BE MEANINGFUL FOR US TO REACT. Powell: "A couple tenths" of an increase in the unemployment rate doesn't count as an "unexpected weakening" in the labor market that would justify cuts.