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The U.S. economy added 206,000 jobs in June, surpassing expectations. Despite this growth, the unemployment rate increased from 4% last month to 4.1%, the highest since October 2021. While we saw strong job gains in the government (70,000) and healthcare (49,000) sectors, several sectors experienced declines in new jobs, such as professional and business services (-17,000) and retail (-9,000). The Federal Reserve continues to monitor these developments as it weighs its next moves on monetary policy. With the labor market showing strength, significant rate cuts may be delayed. For more detailed insights and to understand how these changes could impact your strategic hiring goals, contact us for a consultation. As a trusted advisor for many of our clients, we're here to help you navigate the evolving job market and position your company for success. #JobsReport #LaborMarketUpdate #EmploymentTrends #EconomicUpdate #PhytonTalentAdvisors

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