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Christian Weller explains why Congress will have to address some persistent weaknesses and widespread inequality in the U.S. labor market.
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The Bureau of Labor Statistics released the last labor market data before the midterm elections. The top line numbers are good news with an additional 250,000 jobs in October and the unemployment rate holding steady at a low 3.7%. But the data also show that the next Congress will have to address some persistent weaknesses and widespread inequality. It will also need to be ready to counter possible new challenges as higher interest rates and tariffs start to take a bite out of the economy.
The above excerpt was originally published in Forbes. Click here to view the full article.
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