The US job market experienced a slight slowdown in June, with nonfarm payrolls rising by 209,000, which fell short of the expected growth of 240,000. However, the unemployment rate remained steady at 3.6% in June, which was in line with what was anticipated.
Despite worries about a possible recession and the Federal Reserve increasing interest rates, the US economy has shown resilience, with job gains and economic growth continuing and inflation decreasing from previous highs.
Multiple Sources
Summary by Dave Van Zandt
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