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US Job Growth Slows Sharply in June, Adding Only 57,000 Payrolls

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The United States recorded a significant slowdown in job creation in June, with only 57,000 payroll positions added during the month. This figure represents a sharp deceleration compared to previous months of stronger employment growth. The weaker-than-expected jobs data was released this morning and quickly drew attention from financial markets. Analysts suggest the report may dampen expectations of a near-term Federal Reserve interest rate hike, which some had anticipated as early as this summer or fall.

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US Job Growth Slows Sharply in June, Adding Only 57,000 Payrolls · ShortSingh