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U.S. labor market steady despite slowdown
US labor market data indicate that the economy remains strong despite a slowdown in job growth. It is expected that Bloomberg will add about 85,000 jobs in September compared to 162,000 in August. The unemployment rate remains steady at 4.1%, with limited layoffs and a slowdown in new hiring, reflecting a deceleration in growth compared to previous periods. Projections suggest that the labor market will stay resilient, and that the Federal Reserve's plans to raise interest rates have not hindered it, as employment continues robustly across many sectors despite the reduced growth rate.
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