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ECONOMICS COMMENTARY
May 03, 2013
Faster than expected hiring drives US unemployment to lowest since 2008
Official data show far stronger than previously thought job creation in the US, reducing the need for additional stimulus from the Fed. However, future discussion among policymakers is likely to be lively. Some will inevitably see the need to consider when policy could be scaled back due to the job market gains, while others will worry that the recent weakening of other economic indicators could mean employment growth starts to slow again in coming months.
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