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Weekly US Economic Snapshot: Resilience in the Labor Market
The U.S. labor market demonstrated remarkable endurance in April, with job gains outpacing expectations and private sector expansion reaching its strongest point in over a year. This resilience has resonated through financial markets, propelling the S&P 500 to its sixth consecutive weekly gain and a fresh record high. As the Federal Reserve maintains a steady interest rate policy, the focus now turns to upcoming inflation and retail data to gauge the sustainability of this momentum. The U.S. labor market maintained its resilience in April, with job gains nearly doubling expectations. The Bureau of Labor ... (full story)
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