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WHEN THE ECONOMY FALLS JOBS GO WITH IT
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WHEN THE ECONOMY FALLS JOBS GO WITH IT

Dragflation: Economic growth declining and inflation rising... plus the pressure of interest rate hikes that are drying up the cheap money pool are causing companies in many sectors to lay off employees. Job cuts in September came in at 29,989, up 46.4 percent from a month earlier.  Job cuts have jumped 66 percent year on year in September according to the Challenger report.

KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED
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KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED

Despite the Federal Reserve raising interest rates five times this past year, inflation continues to be much higher than the central bank’s 2 percent target. The Personal Consumption Expenditures inflation measure, which was released Friday, showed the index rose last month by 6.2 percent from a year ago, which was slightly down from 6.4 percent...

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