4min chapter

Moody's Talks - Inside Economics cover image

Debt Limit Relief, Labor Market Disbelief

Moody's Talks - Inside Economics

CHAPTER

The Fed's Labor Market Survey Shows a Strong Job Market

The number of hours work ticked down by 0.1 hour, which is pretty low. The unemployment rate rose three tenths of a percentage point from 3.4% to 3.7%. But the labor force increased modestly up by a little bit over 100,000 people and the labor force participation rate held the same as it was last month.

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