Latest jobs report expected to show slower but still-steady growth ...Middle East

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Latest jobs report expected to show slower but still-steady growth
But the change in that figure is primarily a result of firms deciding they don’t need to fill as many roles, and not because of a surge in unemployment. “Businesses are just not laying off [many] workers,” said Mark Zandi, chief economist at Moody’s Analytics financial services group, in an interview with NBC News. Instead, he said, they are cutting back on hiring, hours and temporary work. “There’s still underlying job growth,” Zandi said. On balance, the U.S. economy remains on firm ground. Federal Reserve officials continue to say there remains uncertainty about how much longer the rapid price growth that’s bedeviled consumers since the onset of the pandemic will linger. A slower

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