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U.S. unemployment rate holds at 3.6 percent in June

The unemployment rate last month remained unchanged at 3.6 percent. (Matt Rourke/Associated Press)

A new federal jobs report released Friday showed the U.S. labor market maintained its torrid pace in June, even as the Federal Reserve raised interest rates and worries of a hiring slowdown or a possible recession grew.

But with inflation spiking and other indicators more mixed, the new data leaves a confusing picture of what, exactly, the economy is doing and what policymakers, businesses and consumers should do to prepare for the future.

Employers added 372,000 new positions last month, the Bureau of Labor Statistics reported, with gains across a range of industries and private-sector employment recovering all of its pandemic losses. The unemployment rate, meanwhile, remained steady at 3.6 percent for a fourth straight month.

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