Economy adds 206,000 jobs in June, reflecting continued resilience in labor market ...Middle East

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Employers added 206,000 jobs in June, a gradual cooldown from the previous month and the latest sign that the U.S. economy is settling after four years of breakneck growth. The unemployment rate, meanwhile, rose slightly to 4.1 percent from 4 percent in May, the Bureau of Labor Statistics reported Friday. That follows a surprise burst of 272,000 new jobs in May that reignited concerns that the Federal Reserve would need to keep interest rates higher for longer to stamp out inflation. But overall, economists say there are enough signs of a broader slowdown in hiring, job postings and wage growth to point to a hardy but gradually slowing job market. “The labor market is still strong

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Last updated : 05 July 2024 clock 03:49 PM

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Economy adds 206,000 jobs in June, reflecting continued resilience in labor market ...Middle East

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