
The June jobs report showed strong growth with 147,000 new jobs and a slight decline in the unemployment rate to 4.1%, surpassing expectations. However, indicators like sluggish wage growth and reduced average weekly hours hint at a potential slowdown in the economy. Subsequent political maneuvering also reveals tension within Republican ranks as they grapple with a controversial bill affecting Medicaid and Medicare, showcasing internal conflicts amidst Trump’s push for rapid legislative action.
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economy