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The latest Bureau of Labor Statistics report shows a job market in transition. The economy continues to grow with 206,000 jobs added, albeit slower than in previous months. The unemployment rate ticked up to 4.1%, further signaling potential softening.
The slight increase in the unemployment rate is juxtaposed against significant job gains in government, health care, social assistance and construction sectors.
This coincides with more people entering the job search, showing an uptick in labor force participation.
June Job