US Jobs Growth Exceeds Expectations, Adding to Expectations of Interest Rate Cut
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#894bba84 ver:2.11

US jobs growth exceeded expectations in June, with 206,000 jobs added, boosting expectations of an interest rate cut. Sectors like leisure, hospitality, and manufacturing saw gains, while retail employment declined. Unemployment rate rose slightly to 4.1%, and wage growth slowed. The labor market supports continued inflation moderation and a possible rate cut in September. The mixed employment data and cooler wage growth could prompt the Federal Reserve to consider rate cuts in September and December. President Biden faces challenges in convincing the public of his economic policies. #jobs #economy #interestrates #inflation...

#newstr #UsJobsData #InterestRateCut #UnemploymentRate #LaborMarket #EconomicGrowth 

 https://here.news/story/894bba84?ver=2.11