In April, US employers added 175,000 jobs with a slower hiring pace due to higher borrowing rates, potentially impacting the long-term labor market and economic stability.
In April, US employers added 175,000 jobs despite reduced hiring pace due to higher borrowing rates. This slowdown may impact long-term labor market and economic stability, as increased costs affect businesses' hiring decisions. The Associated Press reported the figures, highlighting the potential effects of financial challenges posed by higher borrowing costs on the job market.
May 03, 2024
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