Turns Out Job Growth Stinks, June’s 209,000 Was The Slowest Since 2020

CNBC has the latest:

Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market.
Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, the Labor Department reported Friday. That compared to the Dow Jones consensus estimates for growth of 240,000 and a jobless level of 3.6%.
The total, while still solid from a historical perspective, marked a considerable drop from May’s downwardly revised total of 306,000 and was the slowest month for job creation since payrolls fell by 268,000 in December 2020.

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