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Analysis

U.S. Employment Report: Entering the Second Half of the 'Year of Two Halves'

By Christian Menegatti and Prajakta Bhide

EXECUTIVE SUMMARY

Good economic news is too much to ask for these days. The U.S. employment report surprised to the downside, not so much because of the expected negative headline following the Census layoffs, but rather because of the fall of both weekly hours worked and average hourly earnings[...]

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