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economy added 57,000 nonfarm payroll jobs in June, falling well short of the 115,000 gain the Dow Jones consensus had projected.
The unemployment rate came in at 4.2%, a tick below the 4.3% analysts had expected it to hold.
The Scale of the Miss At roughly half the expected gain, June's payroll count represents a significant shortfall against the Dow Jones consensus forecast of 115,000.
The gap between what the labor market delivered and what forecasters anticipated was not a rounding-error divergence — it was the difference between a slowing expansion and a market that absorbed workers at a pace closer to stall speed.
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