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πŸ‡ΊπŸ‡Έ June's 57,000 jobs miss hides a bigger labor force exodus

πŸ‡ΊπŸ‡Έ June's 57,000 jobs miss hides a bigger labor force exodus

Payrolls rose just 57,000 in June while the household survey showed employment falling by 507,000. Fed minutes reveal new chair Kevin Warsh's hawkish tilt, with nine of eighteen officials now eyeing another rate hike this year.

Bar chart of monthly US nonfarm employment changes in thousands from 2021 to 2025, with September +119 labeled.
June's unemployment rate fell to 4.2% not from stronger hiring but because labor force participation dropped to a five-year low. Source

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