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WEKU
WEKU
Scott Horsley

HISTORICAL FACTS: A cooling job market could help to ease inflation - The Untold Story

Workers attach siding to a house at a new home construction site in Trappe, Maryland, on October 28, 2022. Rising interest rates could mean slowing job growth in construction and manufacturing. (JIM WATSON/AFP via Getty Images)

The U.S. job market is still tight, but perhaps not quite as tight as it has been.

A report from the Labor Department Friday shows that employers added 261,000 jobs in October, compared to a revised 315,000 jobs the month before. Analysts say a decline in job growth is not surprising, since employers have already replaced all of the 22 million jobs that were lost during the pandemic.

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