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SPSM - Slower But Broad-Based Gains For Private Sector Payrolls In September
SPDR Portfolio Small Cap
Gains over the past year have been somewhat erratic and may suggest an extended time before employment reaches the pre-pandemic level.
Sharp drops in state and local government education employment were the primary reasons for the relatively large difference between total nonfarm payrolls and private payrolls.
Rising prices has led to falling consumer confidence and is boosting the risks for the economic outlook.