Hiring worse than expected in June amid elevated inflation [View all]
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Source: ABC News
Hiring slowed markedly in June, falling short of economists' expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran War.
The U.S. added 57,000 jobs in June, according to the report, which marked a decline from 172,000 jobs added in May.
The sluggish pace recorded in June departs from strong performance for the labor market so far in 2026. Employers added a robust average of about 114,000 jobs each month from January to May, Bureau of Labor Statistics data showed.
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The pace of annual inflation stands at 4.2%, clocking in at more than twice the Federal Reserve’s target rate of 2%.
Read more: https://abcnews.com/Business/jobs-report-set-show-hiring-robust-pace/story?id=134336526
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