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Some folks on Wall Street think yesterday's U.S. jobs number is ‘implausible' and thus due for a downward correction FortuneStock market today: Dow, S&P 500, Nasdaq sink as tech stocks get pummeled Yahoo FinanceThis Is the Trump Economy: Job Growth Crushes Expectations as More Americans Work for Higher Wages The White House (.gov)A stronger-than-expected jobs report could signal a labor market turnaround - with caveats CNN
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U.S. employers added 130,000 jobs in January as the unemployment rate dipped to 4.3% from 4.4% in December. Annual revisions show that job growth last year was far weaker than initially reported.
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January's jobs data, released on Wednesday, bolstered expectations that the Federal Reserve will hold interest rates steady for longer than previously expected.
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