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-0.000113773732489448 -0.000213325748417842 -0.000817748702268226 0 0.000426651496835684 0.000426651496835684 0.000284434331223924 0.000284434331223924
Stock impact report

The runway is getting clearer, but the U.S. economy still isn't assured of a soft landing [CNBC]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: CNBC
After all, there's nothing about a 3.7% unemployment rate and another 199,000 jobs that even whispers “recession” let alone screams it. At least for now, then, the U.S. economy can take another win with a small “w” as it looks to navigate through what had been the highest inflation level in more than 40 years — and a still-uncertain path ahead. “Overall, the jobs market is doing its part to get us to a soft landing,” said Daniel Zhao, lead economist at jobs rating site Glassdoor. “It's boring in all the right ways. That's a welcome change after a few years of less-boring reports.” Indeed, despite a high level of anxiety heading into the Labor Department's nonfarm payrolls report, the details were fairly benign. The level of job creation was just above the Wall Street estimate of 190,000. Average hourly earnings rose 4% from a year ago, exactly in line with expectations. The unemployment rate unexpectedly declined to 3.7%, easing worries that it could trigger a historically de Show less Read more
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