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Economy

Here’s where the jobs are for May 2023 — in one chart

Professional and business services led job creation for the month with 64,000 new hires. …read more Source:: Economy – CNN

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Payrolls rose 339,000 in May, much better than expected in resilient labor market

Nonfarm payrolls were expected to increase by 190,000 in May, according to Dow Jones. …read more Source:: Economy – CNN

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Here’s what to watch out for in Friday’s jobs report for May

Economists surveyed by Dow Jones expect job growth in May of 190,000, a decline from the 253,000 in April. …read more Source:: Economy – CNN

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Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations. …read more Source:: Economy – CNN

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Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed

The core personal consumption expenditures price index was expected to increase 0.3% in April, according to a Dow Jones estimate. …read more Source:: Economy – CNN

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A U.S. recession would be ‘good news’ for markets, strategist says

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management. …read more Source:: Economy – CNN

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How the A.I. explosion could save the market and maybe the economy

Whether it’s personalized shopping or self-driving cars, AI will become a factor in virtually everyone’s lives. …read more Source:: Economy – CNN

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Former Fed Chair Ben Bernanke says there’s more work ahead to control inflation

A research paper notes that inflation has evolved since ballooning to a 40-year high in the summer of 2022. …read more Source:: Economy – CNN

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