US job growth slows while unemployment rate falls
US job growth slowed unexpectedly in June, with non-farm payrolls increasing by only 57,000 jobs. The unemployment rate fell to 4.2 percent, predominantly due to 720,000 individuals leaving the labor force, pushing participation to its lowest level in over five years. Economists note this shift may reflect delayed impacts from the ongoing Middle East conflict.
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Published 02 Jul 2026, 16:01 UTC · Updated 02 Jul 2026, 16:10 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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