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US job growth may slow in June
The US Department of Labor report expects job growth in June to have slowed to 110,000 new jobs, compared to 172,000 in May, despite the unemployment rate remaining steady at 4.3%. The report indicates that the labor market remains resilient despite the slowdown in hiring, as companies continue to retain their employees despite economic challenges. However, this deceleration signals that some economists are cautious and are watching closely for the possibility of interest rate hikes in September.
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