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23,000 Jobs LOST: Why Wall Street Actually Sees It as GOOD News
Financial journalist Jane King, founder of LilaMax Media, joins Broadcast Retirement Network to break down the latest jobs report—and why the numbers aren't as bad as they seem. The U.S. lost 23,000 jobs last month, but most cuts came from local government and education, while manufacturing added jobs and unemployment held at 4.1%. Jane explains why Wall Street sees this weaker report as a positive: it likely takes a September rate hike off the table.
The skinny
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