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The Employment Outlook

The Bureau of Labor Statistics released the preliminary Employment Situation report for June last Friday. As expected, non-farm payrolls fell as 225,000 temporary Census workers completed their work terms. Across the public and private sectors, non-farm payrolls dropped by 125,000 jobs; the sharp decline in government employment was partly offset by a net increase of 83,000 private sector jobs. The unemployment rate fell from 9.7 percent in May to 9.5 percent in June, but this result followed from a decline in the labor participation rate.

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