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Hiring surges but trends show more working-age men dropping out of labor force

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Job growth surged last month, shaking off fears of a hiring slowdown. Employers added 517,000 jobs in a hiring boom far stronger than anyone had expected. The jobless rate dropped to 3.4%, the lowest level in 53 years. The report underscores the challenges facing Federal Reserve officials who remain focused on slowing inflation. Economics Correspondent Paul Solman reports.

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Category
U.S. & Canada
Tags
childcare costs, consumer prices, consumer spending
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