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US Payrolls Rebound Reassures on Growth But Comes With Caveats

The U.S. labor market sprang back to hit the Federal Reserve’s sweet spot, alleviating some concern about a deeper downturn. Better-than-expected hiring in March and unemployment hovering near a five-decade low signal worker demand remains robust even as employers confront economic crosscurrents. Wage gains eased, reinforcing the Fed’s message that interest rates are on hold,…

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