07/07/2023

Employers Add 209,000 Jobs in June

This reflects a stronger than expected job market

The U.S. economy added 209,000 jobs in June, the smallest pickup in jobs since December 2020, signaling a slow but still strong labor market.

June's job gains fell short of economists' predictions, indicating that the labor market is cooling down from its peak last year.

The unemployment rate also fell to 3.6 percent, according to a Bureau of Labor Statistics report released Friday.

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