U.S. payrolls climbed by 209,000 in June, less than expected

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U.S. payrolls climbed by 209,000 in June, less than expected
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NEW: U.S. added 209,000 jobs in June and the unemployment rate was 3.6%, the Labor Department reports, the slowest month for job creation since December 2020.

Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market.

The total, while still solid from a historical perspective, marked a considerable drop from May’s downwardly revised total of 306,000 and was the slowest month for job creation since payrolls fell by 268,000 in December 2020.

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