Episode Details

Job growth cooled in June with just 98,000 new positions—below expectations and down from May’s 122,000. Education and health led the way with 48,000 jobs, while nearly all new hires came from services. Pay for loyal workers stayed steady at 4.4%, but job-switchers saw a jump to 6.6%. Trade and finance added jobs, but mining and hospitality lagged, hinting at a shifting labor market where hiring slows and worker shortages persist.

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