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Bloomberg Quint

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Image Credit: Bloomberg Quint

US Payroll Growth Beats Forecasts, Jobless Rate Drops To 4.1%

  • US job growth exceeded expectations in June, with payrolls increasing by 147,000, driven by state and local government employment.
  • The unemployment rate fell to 4.1%, showcasing a strong labor market amid a slowing economy.
  • Private payrolls rose by 74,000 in June, the least since October, largely driven by the healthcare sector.
  • The Federal Reserve may consider lowering interest rates based on the jobs data, as businesses navigate economic uncertainty and tariff impacts.

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