US economy added 206,000 new jobs in June, outpacing historical norms, new data shows

The US economy added 218,000 jobs in May, signaling growth but at a slower pace. Unemployment rose slightly to 4.1%, while wage growth was the slowest in years. The Federal Reserve may cut interest rates if the economy slows further. Consumer sentiment dropped 10% in May, with high prices being a concern. The government is working to lower prices, especially for travel and gas, to provide relief while maintaining a strong job market.

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