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Slowing but steady job market reported in August

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(NEW YORK) -- Concerns about inflation have increasingly turned to concerns about the job market. Last month’s weaker than expected jobs report led to turmoil in stocks.The U.S. added 142,000 jobs in August, according to the Bureau of Labor Statistics report on Friday. The...

Slowing but steady job market expected in September jobs report

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(NEW YORK) -- Concerns about inflation have increasingly turned to concerns about the job market. Last month’s weaker than expected jobs report led to turmoil in stocks.Expectations are that Friday's report will show 161,000 jobs added when it's released at 8:30 a.m.If jobs come...

Federal Reserve approves 0.5% hike, slowing rate increases

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(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.5%, slowing an aggressive series of rate increases while continuing an effort to cool the economy and dial back inflation.The increase in borrowing costs matched economist predictions.The latest rate...

Federal Reserve approves 0.5% hike, slowing rate increases

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(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.5%, slowing an aggressive series of rate increases while continuing an effort to cool the economy and dial back inflation.The increase in borrowing costs matched economist predictions.The latest rate...

COVID-19 case numbers drop, signaling winter surge is slowing

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By IVAN PEREIRA, ABC News (NEW YORK) -- After a harsh December and January when hospitals were running out of space to handle COVID-19 patients, the number of coronavirus cases and hospitalizations has seen a dramatic decline over the last month, according to...