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Central bankers are preparing to cut interest rates, and are warily monitoring job data as they consider when and how much to lower them.
Job gains are lately being driven by the government, health care and assistance sectors, potentially masking broadly weaker hiring.
Central bankers are paying more attention to the strength of the job market as inflation cools. But it’s a tough time to gauge its resilience.
The labor market has maintained surprising vigor over the past year, but as fewer jobs go unfilled and a growing number of people linger on unemployment...
