The U.S. economy showed surprising strength in June, adding 147,000 jobsâ”well above expectationsâ”and pushing the unemployment rate down to 4.1%. Gains were driven largely by hiring in the public sector and healthcare, signaling resilience despite recent economic uncertainties. The upbeat report boosted investor confidence, sending the stock market to new highs, while also lowering expectations for a near-term interest rate cut by the Federal Reserve. Overall, the data suggests the labor market remains robust, supporting continued economic momentum into the second half of the year.
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