Jobs growth in the US is expected to have slowed in June — but not quickly enough to discourage the Federal Reserve from resuming interest rate rises later this month.
Economists surveyed by Bloomberg predicted the US economy added 225,000 new non-farm jobs last month, down from the previous month’s bumper figure of 339,000 but still comfortably above its pre-pandemic average.
The unemployment rate is also forecast to remain near a multi-decade low, falling back to 3.6 per cent after a slight rise in May.
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