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Employers added fewer jobs in June than a month earlier but the unemployment rate ticked down, a decent showing for the U.S. economy.
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The hedge fund firm's tactical trading fund, which combines discretionary equity investing with quantitative strategies, climbed 14.3% through the end of June.
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A drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.
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US job growth slows sharply in June; labor force participation rate at more than 5-year low ReutersJune jobs report: US payrolls rose by 57,000, missing expectations Yahoo FinanceHiring worse than expected in June amid elevated inflation ABC News - Breaking News, Latest News and VideosSteady but not strong: US job growth slowed in June CNN
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The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
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Nonfarm payrolls were expected to rise by 115,000 in June while the unemployment rate held steady at 4.3%.
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