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A Jobs Report Whiff, Climbing Yields, and More Inflationary Pressures Accumulate

A Jobs Report Whiff, Climbing Yields, and More Inflationary Pressures Accumulate

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The U.S. added only 194,000 jobs in September per Friday’s DOL report, far below the expected 500,000. Labor force participation also declined, keeping payrolls well below the pre-covid trend, exacerbating labor shortages, and laying the groundwork for more wage inflation.

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