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#عاجل : The slowing labor market raises expectations of a rate cut
The unemployment rate rose to 4.6%, surpassing expectations of 4.5% and up from 4.4% last month.
Job growth reached 64,000 jobs, exceeding expectations but significantly lower than 119,000 jobs in the previous month.
📉 The rise in the unemployment rate is more important than a slight improvement in job growth.
📊 The labor market is slowing, increasing the likelihood of a rate cut to 29% from 24%.
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