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Turning to the unemployment rate, which we expect will also be revised dramatically higher just after the 2024 presidential election, it unexpectedly dropped from 3.5% to 3.4%, (an in fact 3.39% unrounded) stronger than consensus expectations for an increase to 3.6%.  Among the major worker groups, here are the the unemployment rates for adult men (3.3%), adult women (3.1%), teenagers (9.2%), Whites (3.1%), Blacks (4.7%), Asians (2.8%), and Hispanics (4.4%). Of note, the unemployment rate for blacks dropped to a record low.