The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Federal Reserve. The labor market snapshot comes just days after Fed Chair Jerome Powell said he’s encouraged about the healthy economy and the downward trajectory of inflation, but cautioned that “we still have a ways to go” before declaring victory on the proverbial soft landing (bringing down inflation without raising unemployment levels). Economists believe the labor market definitely still has enough fuel in the tank to continue on that soft ..

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