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Job growth and wage growth slowed last month, showing yet again that this isn't the red-hot labor market from a few years ago.
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The labor market has been booming so far in 2024, a reversal of last year's gradual cool-down, even as high interest rates continue to weigh on parts of the economy.
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As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.
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