Despite a better-than-expected jobs report, administration officials stressed that millions of workers still needed help from a proposed $1.9 trillion stimulus package.
Economy
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The economy is at a major inflection point, and the question is whether job creation will accelerate in the months ahead.
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New research suggests that when big companies increase wages, they drive up pay in the places where they operate — without a notable loss in jobs.
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Stocks fell and bond yields rose after the Fed leader reiterated that the central bank did not plan to pull back policy support soon.
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Central bankers have said they aren’t worried about a pop in longer-term bond yields. If they do become concerned, they have some options.
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