The release of much better-than-expected jobs figures for June out of the United States put to rest fears that May’s weak report was the beginning of a serious slowdown in the US labor market. The net number of nonfarm jobs created reached 287 thousand during June against economists’ estimates of just 175 thousand. However, the previous month’s figure was revised down to 11 thousand from the original 38 thousand announcement. Unemployment climbed to 4.9% compared to the previous month’s 4.7%, [..]
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