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Employment growth slowing, but no sign of collapse

We forecast that payroll employment growth slowed fairly sharply in June, but remained solid at 250,000. That should be enough to keep the Fed on track for another 75bp rate hike in July.

Payrolls Drop-In (8th July, 10:00 ET/15:00 BST): Our US team will be briefing on the latest employment report, answering your questions as they address key issues including the inflation outlook, the Fed’s plans and the recession question. Register now.

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