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US Job Growth Is Expected to Cool as the Fed Looks to Pause Again
Employers in the US probably tempered their pace of hiring this month after beefing up payrolls by the most since the start of the year, consistent with a sturdy labor market that’s powering economic expansion. Government data on Friday are projected to show payrolls in the world’s largest economy increased by about 190,000 in October, still-solid job growth that follows sizable advances in the previous three months. Hourly earnings are seen rising at the slowest annual pace in more than two years, partly a reflection of increased labor force participation. Moderating pay gains help explain why Federal Reserve ... (full story)