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The unemployment price has dropped precipitously for the reason that worst of the pandemic, and wages rose a fast 5.7 % within the 12 months through January. U.S. stocks fluctuated in noon trading, with the S&P 500 up about zero.2 p.c and the Nasdaq composite up zero.9 %. Treasury observe, a benchmark for borrowing prices across the economic system, rose to 1.92 p.c, the highest since late 2019.
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- The 10-year Treasury yield has risen sharply, to 4.25 p.c.
- The newspaper is devoted to providing job seekers with information about employment opportunities and career development in the private and non-private sectors.
- Today’s numbers seem to have struck that steadiness, sustaining the broader narrative of a cooling economy while retaining strength in the labor market.
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