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US employers added 57,000 jobs in June, snapping a three-month run of gains above 100,000 but keeping the labor market on stable enough footing to stay the Federal Reserve's hand on interest rates.
The step-down in pace is the headline development, yet the print still reflects sustained demand for workers — a combination that leaves policymakers with no urgency to move.
For rate traders, the signal is straightforward: cuts are not imminent. A Streak Ends, the Expansion Does Not Three consecutive months of six-figure job gains had set a high bar heading into the June report.
The 57,000 figure falls short of that run but does not constitute a breakdown — it represents continued, if slower, hiring across the economy.
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