U.S. employers hired far more workers than they expected in June
and continued increase wages in a steady pace
which is a sign of continued economic growth in the labor market
and continued increase wages in a steady pace
which is a sign of continued economic growth in the labor market
that gives an Federal Reserve ammunition to deliver another 75 basis points of interest rate hike this month.
The strong job market has quelled the fears of a recession imminent
and gave the hope that any recession would be moderate.
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