Overall, the jobs data shows a labor market that continues to hum along in some sectors, but is slowing down in others in a sign that the Federal Reserve’s aggressive rate hikes to fight inflation and having some impact though the job is far from done.
Employers continued to add jobs in health care, business services, and construction. But retailers cut jobs last month, and factory employment was relatively flat.
I wonder what business services are code for. Tax evasion?
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