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You can find the current article at its original source at https://www.nytimes.com/2023/04/07/briefing/jobs-data-tailpipe-rules-live-music.html
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| Your Friday Evening Briefing | Your Friday Evening Briefing |
| (about 8 hours later) | |
| (Want to get this newsletter in your inbox? Here’s the sign-up.) | (Want to get this newsletter in your inbox? Here’s the sign-up.) |
| Good evening. Here’s the latest at the end of Friday. | Good evening. Here’s the latest at the end of Friday. |
| 1. U.S. job growth gradually slowed — but remains strong — a welcome sign for President Biden and the Fed. | 1. U.S. job growth gradually slowed — but remains strong — a welcome sign for President Biden and the Fed. |
| Employment grew at a healthy rate last month, but one that nonetheless signified that employers are pulling back as steadily rising interest rates take their toll. | Employment grew at a healthy rate last month, but one that nonetheless signified that employers are pulling back as steadily rising interest rates take their toll. |
| Job creation has remained far stronger than many forecasters expected. That growth has delighted President Biden and helped the economy avoid a recession. The cooling in job and wage growth is also good news for the Federal Reserve in its campaign to bring down inflation by raising interest rates. | |
| However, some analysts are not convinced that it will be smooth sailing in the months ahead. The job data was collected before two midsize banks failed last month, and some have warned about the potential for a rapid deceleration in hiring as banks pull back on lending. |