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COMING UP:Share Opener Variant 2

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00:00:00
there was a solid bounce back in the labor market during the month of June but hiring this year is still slower than last year and paycheck games aren't as robust a report released Friday by the labor department showed a stronger than expected two hundred twenty four thousand new jobs created last month that's a relief given the main number was a paltry seventy five thousand and revised even lower hiring was the strongest in the services sector with retailers being the exception that group saw another drop in employment down for the fifth month in a row but most other parts of the economy weren't hiring mood the demand for new workers however did not lead to a big jump in worker pay average hourly earnings rose just six cents which means paychecks are not growing as fast as they were at the end of last year the unemployment rate ticked up to three point seven percent so more Wall Street think a federal reserve rate cut after July thirty thirty first meeting is now eight toss up paid chief drawl Powell indicated last month that policy makers were worried lower rates may be needed as a trade war between the US and China puts pressure on the global economy particle or leave the manufacturing sector but with jewels rebound in hiring and to help the U. S. consumer the case for July rate cut is now less clear