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Fed Chair Powell Notes Rising Unemployment and Slower Job Growth in September

Jerome Powell highlighted a modest increase in unemployment and a marked deceleration in U.S. job creation during September's labor market report.

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Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for setting monetary policy and regulating financial institutions.
  • Unemployment Rate: The percentage of the labor force that is jobless and actively seeking employment.
  • Labor Market Data: Economic statistics that reflect employment levels, job creation, wages, and workforce participation.