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Sohaib jutt
đš US jobs data just dropped â and the market has a lot to digest.
September nonfarm payrolls added just 29,000 jobs, while unemployment rose to 4.2%.
Thatâs a serious slowdown, but the details matter đ
The labor market looks more like âhiring less, not firing more.â Companies are becoming more cautious with hiring, wage growth cooled sharply to 0.1%, and previous months were revised lower. At the same time, thereâs no clear sign of mass layoffs or an immediate recession.
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