【CBRE】Economic Watch: June Employment Report Keeps September Rate Cut on the Table

• On Friday, the Labor Department reported that the U.S. economy added 206,000 jobs in June, slightly above expectations. April and May employment growth was revised down by 111,000 jobs.
• The unemployment rate edged up 10 bps to 4.1%, while the labor force participation rate increased to 62.6%. Average hourly earnings rose by 3.9% year-over-year, the slowest rise since 2021.

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