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View More »US employers scaled back hiring in April. How that could let the Fed cut interest rates
( ) -q-25- UNDATED (Correspondent Jeremy House) “pace of hiring.”
The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: It’s a sign that persistently high interest rates may be starting to take a bigger toll on the world’s largest economy. Last month’s hiring gain was down sharply from the increase of 315,000 in March. And it was well below the 233,000 gain that economists had predicted for April. Last month’s figure suggests that the Federal Reserve’s aggressive streak of rate hikes may finally be cooling the pace of hiring.
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