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View More »US adds a strong 253,000 jobs despite Fed’s rate hikes
( ) -q-23- UNDATED (Correspondent Jeremy House) “248-thousand in February.”
America’s employers added a robust 253,000 jobs in April.
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TAG: Correspondent Jeremy House reporting. The job market has remained strong despite the Federal Reserve’s aggressive campaign of interest rate hikes over the past year to fight inflation. Layoffs are still relatively low, job openings comparatively high.
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VERBATIM: Friday’s figure is evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The unemployment rate ticked down to 3.4%, matching a 54-year low. Last month’s hiring gain compared with 165,000 in March and 248,000 in February.
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Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.
Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.
Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.
Bernie Bennett reporting.
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