US hiring slows sharply, curbing recent job-market momentum
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
US hiring has slowed sharply, which may curb the recent momentum in the job market. The unemployment rate has been reported to tick down to 4.2% in June, although the overall impact on the job market is still being assessed. Meanwhile, job openings have been reported to tick up, suggesting stable labor demand, while jobless claims have fallen, indicating low layoffs.
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