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US economy adds 209,000 jobs in June as hiring slows

Rise was lower than the 240,000 jobs economists had expected though job market remains robust

The US added 209,000 new jobs in June as hiring slowed amid signs the economy is cooling.

It was the weakest gain since December 2020, lower than the 240,000 jobs economists had expected and lower than the 309,000 jobs added in May. But the increase was also the 30th consecutive month of jobs gains, and the unemployment rate ticked down to the historically low rate of 3.6%.

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