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Job Market Slows But Stays Strong | Business and Finance News
Description
Job growth in the US slowed in June, with private companies adding just 98,000 jobs—below expectations of 120,000. While the ADP report points to a mix of slower hiring and labor shortages in some sectors, the government’s upcoming jobs report predicts 115,000 new positions, still solid enough to keep unemployment stable. Bright spots include fewer layoffs and rising job openings, suggesting the labor market remains resilient despite the cooling hiring pace.
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