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US hiring rises unexpectedly but labor market shows signs of cooling
US hiring rises unexpectedly but labor market shows signs of cooling
by  AFP

Hiring in the United States logged a surprise jump last month, government data showed on Friday, but unemployment rose to the highest level since early 2022 as the economy shows signs of cooling. On Friday, Labor Department data showed that average hourly earnings in August rose 0.2 percent, slower than the month before.

Markets largely rise as traders prepare for US jobs data
Markets largely rise as traders prepare for US jobs data
by  AFP

Markets mostly rose Friday ahead of a crucial US jobs report later in the day and following data showing inflation in the world's largest economy had ticked up slightly. The labour report comes at the end of a week that has seen traders cheered by figures indicating the world's top economy is showing signs of softening, easing pressure on the Federal Reserve to lift interest rates further.

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