Private employers cut 32K jobs last month – hiking odds of interest rate cut as Commerce Secretary Howard Lutnick goes on defensive
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Private employers reportedly cut 32,000 jobs last month, with some outlets noting this is the largest decline since 2023. The job loss has led to increased speculation about a potential interest rate cut. However, the overall state of hiring in the economy remains uncertain, with some sources suggesting a lack of clear information on the job market.
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