The US economy experienced significant job growth last month, adding 254,000 jobs and reducing the unemployment rate to 4.1%. Despite a slowdown in the hiring rate and worker confidence, wage growth remains strong, making further substantial rate cuts from the Federal Reserve unlikely.The US economy experienced significant job growth last month, adding 254,000 jobs and reducing the unemployment rate to 4.1%. Despite a slowdown in the hiring rate and worker confidence, wage growth remains strong, making further substantial rate cuts from the Federal Reserve unlikely.
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