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That’s the smallest increase since 2021 and a signal that the labor market may be softening more than expected.
Economists had forecast a gain of 140,000. The prior month’s estimate was revised down from 122,000 to 111,000. On the services side of the economy, jobs were lost in the information sector and the business and professional services sector. Trade, transportation, and utilities added jobs, as did finance, education and health, and leisure and hospitality.
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