—The American economy has an unusual problem: The job market looks too strong— at least to the inflation fighters at the Federal Reserve. Companies are still seeking more workers and are hanging tightly onto the ones they have. Putting aside some high-profile layoffs at big tech companies like Microsoft, Google, Amazon and others, most workers are enjoying an…
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The U.S. added 517,000 jobs last month, smashing Wall Street estimates, while the unemployment rate fell to 3.4 percent, its lowest level since May 1969, the Bureau of Labor Statistics said Friday. But the "astonishingly strong" report may present the Federal Reserve, who only just slightly slowed its aggressive, inflation-fighting interest rate increases, with a bit of a…
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