Jobs Gain Triples Forecast, Labor Market Recovers — SkimNews
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- Friday's jobs report recast the last two months as a period of modest job growth rather than outright deterioration, with last month's gain more than triple what economists expected
- The US labor market looks considerably healthier than it did at the start of summer, effectively walking back the season's jobs-scare narrative
Why it matters: Friday's report reframes the summer's jobs scare as overblown: last month's payroll gain came in more than triple what economists forecast, suggesting the economy stayed steadier than the prevailing headlines indicated and undercutting recession fears.
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