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Friday, July 05, 2024

US Economy: Jobs numbers not great but still okay

Here's NBC Nwews' summary of today's US jobs report:

The Labor Department's June jobs report showed employers added 206,000 roles last month, down from 218,000 in May.
  • Unemployment ticked up to 4.1%, inching above 4% for the first time since November 2021 while remaining historically low.
  • The labor market has defied long-running forecasts of a sharper pullback in hiring, though conditions are steadily tightening.
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