US Job Growth Slows Sharply in June
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- US job growth slowed sharply in June, with the labor force participation rate falling to a more than five-year low, according to Reuters' coverage of the monthly employment report.
- Hiring came in worse than expected for June, drawing a public response from the White House, per the CNN headline.
Why it matters: The worse-than-expected June hiring print and a multi-year low in labor force participation undercut the narrative of a resilient labor market, forcing the White House to publicly reframe the disappointing data.
