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US labor market shows significant signs of weakness – federal reserve under pressure about September rate cut The latest labor market data from the USA significantly strengthens expectations for an imminent shift in interest rates by the Federal Reserve. Three key indicators signaled a noticeable cooling before the crucial labor market report on Friday: Initial unemployment claims rose to the highest level since June, while the private sector, according to ADP data, created only 54,000 new jobs – well below expectations. Hiring plans...
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