The U.S. labor market added 147,000 jobs in June, with the unemployment rate dropping unexpectedly. However, weaknesses persist due to President Trump’s economic policies. Average hourly wages rose slightly, but private sector hiring slowed. The labor force shrank, and job searches became more challenging. The Fed is likely to maintain interest rates amid economic uncertainties. Policymakers are cautious about the impact of tariffs on the job market.
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