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Mohamed El-Erian on why we 'should look through' the November jobs report
The US labor market expanded by 64,000 non-farm payroll jobs in November, according to the US Bureau of Labor Statistics' (BLS) delayed report, following a decline of 105,000 jobs in October amid the government shutdown. Additionally, the unemployment rate increased to 4.6%, and average hourly wages rose by only 0.1% (below the estimated 0.3% ...
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The Federal Reserve cut interest rates by 25 basis points for the third time this year.
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