The U.S. Jobs Market remains strong, with payrolls continuing to grow and the unemployment rate expected to drop to 3.6% according to a Labor Department report. Economists have been waiting for the labor market to deteriorate, but it has consistently defied expectations. However, there is growing concern that the market may be reaching its limit for hiring, with the impact of interest rate hikes starting to be felt. The ADP report also showed strong job growth, leading to market concerns about the possibility of more aggressive rate hikes from the Federal Reserve.

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