Economics
The US Job Market Probably Isn’t as Good as It Seems, Goldman Says
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Recent gains in US payrolls, including a stronger-than-expected June advance, probably exaggerate current employment growth, according to Goldman Sachs Group Inc.
US payrolls climbed 372,000 last month, the Labor Department’s establishment survey showed Friday, and averaged 375,000 from April through June. The June reading beat expectations and helped alleviate concerns of an imminent recession.