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As the saying goes, “There are lies, damn lies and statistics.” And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the U.S. Bureau of Labor Statistics releases its latest jobs figures. Within minutes of the data drop, news organizations send out push alerts, pundits start opining, and the ...
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U.S. job growth likely maintained its moderate pace in May and wage gains were expected to hold steady, which would keep the Federal Reserve in wait-and-see mode on interest rates but likely encourage bets the central bank will lower borrowing costs at least once this year. The Labor Department's closely watched employment report on Friday is also expected ...
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