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In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%. ....

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In a surprise, the job market grew strongly in April despite high interest rates

In a surprise, the job market grew strongly in April despite high interest rates
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Manufacturing falls again in April, reports ISM

The report’s key metric, the PMI, came at 47.1 (a reading of 50 or higher indicates growth), marking a slight 0.8% gain over March’s 46.3, while contracting, at a slower rate, for the sixth consecutive month. The past six months of contraction, through April, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a slower rate, in April, for the sixth consecutive month, which was preceded by 30 consecutive months of growth. ....

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April manufacturing output declines for sixth straight month, reports ISM

April manufacturing output declines for sixth straight month, reports ISM
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When It Comes to Economics, Trust Your Instincts

When It Comes to Economics, Trust Your Instincts
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