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Employers in blue collar industries like construction and manufacturing hired nearly 100,000 workers last month. But lawyers, accountants, insurers and financial firms were adding jobs too. That’s great news for the broader economy.
People who had become discouraged and stopped looking are back looking for work, another sign of a very strong labor market.
Japan can’t wind down its massive stimulus program until inflation really picks up. Some experts say it may have to consider ‘helicopter money’ if the economy slows again.