US Job Growth Falls Sharply Below Expectations in June, Unemployment Rate Dips to 4.2% - EPS Growth Rate
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US job growth slowed sharply in June, falling short of expectations, with the labor force participation rate reportedly at a more than 5-year low. The unemployment rate dipped to 4.2% during the same period. The extent of the job growth slowdown is somewhat unclear, with one report specifying 57,000 jobs added, while others simply describe the growth as falling sharply below expectations.
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