Blockbuster US jobs report turns slowdown narrative on its head

By Augusta Saraiva and Matthew Boesler
Published 4 Min Read

Car manufacturing plant
Bloomberg Mercury

For months, jobs data have pointed to a gradually cooling labor market across the U.S., which along with receding inflation helped fuel bets that the Federal Reserve would start cutting interest rates early in 2024.

Friday’s blockbuster employment data turned that narrative upside down.

Augusta Saraiva and Matthew Boesler

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