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A jobs report to be released on Friday will offer the first major economic data since the midterm elections , providing a gauge of the United States economy as the stock market seesaws in response to the election results. The Dow Jones Industrial Average recorded its best performance in more than a year on Wednesday, just a day after the midterm elections. A selloff on Thursday wiped out all of those gains, however, as investors appeared to digest risk for the tech industry posed by newly empowered Democrats. The fresh jobs data, meanwhile, is set to arrive at a delicate moment for the Federal Reserve, where policymakers are weighing a rate increase that could help tackle inflation but risks a slowdown in hiring.
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