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At this time final yr, Fed officials were predicting that unemployment would have spiked to four.6 p.c by now. One of those that jumped from a shrinking sector right into a extra steady one is Galvin Moore, 33, who labored in data technology for a freight dealer until final fall, when he noticed the trucking sector contracting around him. Still, analysts cautioned towards reading an excessive amount of into the month’s total achieve, given latest volatility in preliminary survey estimates. Last January, for instance, was a lot stronger than the full-year average.
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