US Job Growth Slows in June, Unemployment Rate Rises to 4.1%
===============	
#894bba84 ver:2.4

US job growth slows in June, unemployment rate rises to 4.1%. Despite adding 206,000 jobs, sectors like retail saw declines in employment. Wage growth also slowed down. The rise in unemployment rate could lead to policy adjustments. The mixed employment data could prompt the Federal Reserve to consider rate cuts. President Biden faces challenges in convincing the public of his economic policies. The US labor market is showing signs of slowing down. The report suggests a slackening labor market and could lead to interest rate cuts. The report indicates that the labor market is cooling, with a rise in the unemployment rate and slower wage growth. The rise in job creation was bolstered by a surge in government jobs and the healthcare sector. The unemployment rate unexpectedly climbed to 4.1%, its highest level since October 2021. Federal Reserve officials are closely watching these labor market developments as they contemplate their next moves on monetary policy....

#newstr #UsLaborMarket #UsEconomy #JobMarket #UnemploymentRate #WageGrowth 

 https://here.news/story/894bba84?ver=2.4