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U.S. employers added 206,000 jobs in June and the unemployment rate ticked up to 4.1%, the first time it has been over 4% since November 2021. #NumbersDay Data: www.bls.gov/news.release... Live coverage: www.nytimes.com/live/2024/07...
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Downward revisions to both April and May, by a combined 111,000 jobs.
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Job growth was pretty concentrated in health care, social assistance and government, which accounted for 153,000 of the 206,000 jobs added in June. Construction was also strong, but other sectors were much weaker: Only +7k leisure and hospitality jobs, and retail was down. Temp jobs down nearly 50k.