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August Jobs Surge Defies Expectations | Flint News
The labor market surged in August, adding 162,000 jobs—way above economists’ expectations—and held the unemployment rate steady at 4.1%. Revisions to earlier months showed even stronger growth, hinting at a rebound after a few sluggish periods. While AI and an aging population pose challenges, sectors like healthcare, education, and hospitality led the charge, with construction and manufacturing also gaining ground—possibly fueled by AI infrastructure. But AI-heavy fields like finance and information saw job losses. Wage growth hit a five-year low, lagging behind inflation for the fourth…
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