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Jobs Report Shows Slower Growth | Business and Finance News
Description
The latest jobs report reveals a surprisingly sluggish economy—only 57K new jobs in June, far below expectations, with revised numbers showing even more job losses in April and May. Finance flatlines at zero growth, while healthcare leads hiring, but leisure, retail, and info sectors suffer. ADP’s private-sector data paints a slightly rosier picture with 98K jobs added, driven by small businesses. The Fed’s dilemma deepens: inflation looms, but slowing job growth suggests it’s time to cut rates—yet outdated data may delay action.
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