Fed researchers find shared tariff pressures in Canada and Mexico
A Federal Reserve staff note found that industries facing larger U.S. tariff increases lost ground relative to less-exposed industries in both countries.
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Payroll growth picked up and unemployment held near its recent range at 4.1%, according to the U.S. Bureau of Labor Statistics.
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A Federal Reserve staff note found that industries facing larger U.S. tariff increases lost ground relative to less-exposed industries in both countries.
A preliminary third-quarter estimate shows output growing faster than hours worked, while unit labor costs declined.
The Bureau of Labor Statistics reported 5.4 million hires and 5.3 million separations, both little changed from August.
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