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U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021

While the headline 206,000 jobs added topped forecasts, other data suggests some weakness. May’s job gain was revised down to 218,000 from 272,000. In addition April’s originally reported job gain of 165,000 was revised down to 108,000. Taking the three months together shows an average job gain of 177,000 versus 249,000 for the prior quarter.

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