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The Independent UK
The Independent UK
National
Paul Wiseman

April jobs report may point to US labor market's resilience

Copyright 2023 The Associated Press. All rights reserved.

Month after month, the nation's job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world.

Hiring has gradually slowed, along with pay growth and job openings. Yet by historical standards, the labor market has remained surprisingly strong, with an unemployment rate still hovering near half-century lows.

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