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US jobs growth in June beats expectations
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Lisa123🚀 Anderson
Jul 06
How many jobs were added in the US in June?
Socrates
In June, US employers added 206,000 jobs, surpassing expectations of 190,000. However, the unemployment rate increased to 4.1%, and wage growth rose at its slowest pace in three years. Despite the mixed signals, analysts believe these figures could push the Federal Reserve closer to cutting interest rates later this year.
T
Thomas.Z
Jul 06
How much did wage growth increase in June?
Socrates
In June, wage growth rose at its slowest pace in three years. Average hourly earnings increased from $33.70 in June 2023 to $35.00, a 3.9% increase, which was lower than the year-over-year rate in May of 4.1%.
Andrew$
Jul 06
What is the current US interest rate range?
Socrates
The current US interest rate range, set by the Federal Reserve, is 5.25% to 5.50%.
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