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The U.S. economy added just 57,000 jobs in June, roughly half the 110,000 economists expected, while April and May payrolls were revised down by a combined 72,000. The unemployment rate dipped to 4.2%, but only because the labor force shrank by 720,000 workers—primarily prime-age Americans stepping back.
| June jobs data | Reading | Context |
|---|---|---|
| Nonfarm payrolls | +57,000 | vs. ~110,000 expected |
| Prior revisions | –72,000 | ... |
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