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Underwhelming jobs report: Is a recession looming?
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Underwhelming jobs report: Is a recession looming?
(NewsNation) — Stocks took a nosedive Friday after a weak jobs report triggered a reliable recession indicator known as the Sahm Rule, raising fears the economy is headed for a downturn. Friday's report from the Labor Department showed hiring fell sharply in July, with employers adding just 114,000 jobs — 35% fewer than expected. The unemployment rate ticked up for the fourth consecutive month and now stands at 4.3%, the highest since October 2…
·Chicago, United States
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Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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