In January, the US labor market showed a decrease in job creation but also a drop in unemployment, with employers adding 143,000 jobs and the unemployment rate falling to 4 percent. Despite moderate hiring, businesses are cautious, leading to a frozen unemployment rate, while wage increases remain strong. The report suggests that the Federal Reserve is unlikely to cut rates in the near future, and with fewer immigrants entering the labor force, labor supply may tighten, impacting job opportunities for both native-born and immigrant workers.
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Why Globe Life Stock Rocketed Almost 7% Higher Today
Globe Life (NYSE: GL) saw its stock price jump nearly 7% after being cleared of a regulatory investigation by the Department of Justice, which confirmed no enforcement action would be taken against the company. This positive news followed recent analyst updates and came after Globe Life had disclosed the probe's conclusion the previous week. Want More Context? 🔎
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