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The Labor Department reports 175,000 jobs were created last month, fewer than expected: wage growth was also lower; stocks rise on the news; Treasury Secretary Janet Yellen says democracy is under threat.
Published 05/03/24
The bond market is surging after news that 175,000 people were in payrolls in April versus March. That’s less than expected and 44% lower than a month earlier. And it’s the sort of result that those anxious about elevated interest rates want to see. We’ll discuss. Also on the program: Nonprofit...
Published 05/03/24