Payrolls report Friday likely to show a jobs market that is still hot

(CNBC) The U.S. jobs market is still on fire, no matter how much effort policymakers put into cooling it off. Despite a series of interest rate hikes aimed specifically at fixing an imbalance between company demand and the supply of workers, payrolls have been growing by hundreds of thousands of jobs a month, totaling nearly 1.6 million in the first five months of 2023 alone.

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