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October surprise: U.S. economy added 254,000 jobs in September as unemployment fell to 4.1%
The jobs data released Friday strongly suggests that the Fed will cut by 25 basis points on Nov. 7 at its next meeting. … READ MORE >
5 things to know in life sciences: Week of September 30, 2024
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >
Service sector showed fastest growth in nearly two years
The Institute for Supply Management’s service sector index grew to 54.9 in September from 51.5 in August. … READ MORE >
Manufacturing and labor markets give mixed signals amid Fed’s pivot
The ISM manufacturing index for September stayed unchanged at 47.2, indicating a contraction of overall activity for the sixth consecutive month. … READ MORE >
U.S. port strike will have a modest impact on GDP
The strike by port workers along the East and Gulf coasts of the United States will provide a modest hit to GDP of a little more than 0.1 percentage points per week, or roughly $4.3 billion in lost exports and imports. … READ MORE >