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December Jobs Report to Show Labor Market’s Strength as 2022 Closed
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Friday’s jobs report will offer insight into the state of the U.S. labor market as 2023 gets under way.
Hiring had been resilient throughout 2022 despite an economy that is slowing alongside the Federal Reserve’s aggressive pace of interest rate increases aimed at bringing down inflation. However, some recent data and a wave of tech and finance industry layoffs suggest the labor market, while still vibrant, may be starting to lose momentum and gains could reverse in the year ahead.
Read more on wsj.comAbout this in other media
Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023 wsj.com /1 year ago
Strong Jobs Report Doesn’t Resolve Fed Debate on Next Rate Rise wsj.com /1 year ago
Robust Job and Wage Growth Showed Signs of Cooling in Late 2022 wsj.com /1 year ago
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