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JOBS

Nonfarm payrolls rose 372,000 last month following a revised 384,000 in May, a Labor Department report showed Friday. The unemployment rate held at 3.6% as the pool of available workers shrank, and wage growth remained firm.
Despite the second straight weekly decline reported by the Labor Department on Thursday, claims are hovering near a five-month high. There have been job cuts in sectors like technology and housing amid fears of a recession as the Federal Reserve aggressively tightens monetary policy to quell price pressures.
Katie Colman's story is a high-profile reminder to employers and job candidates that a prospective employee’s medical history is their own business — unless they opt to share it. The Americans with Disabilities Act prohibits asking prospective employees anything about their medical history — or using health issues as a basis for not hiring them, said Joyce Walker-Jones, senior attorney and adviser at the U.S. Equal Employment Opportunity Commission.
For individuals forgoing vaccination, the risks can include layoffs and ineligibility to collect unemployment, higher insurance premiums, or loss of academic scholarships. For employers, vaccine hesitancy can contribute to short-staffed workplaces.

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Such a low unemployment rate is 'a red flare' that the economy is overheating, with fast price and wage increases that are unavoidable and the U.S. central bank pushed to be more aggressive.
Job openings are near historically high levels as companies seek to rebuild staff or pivot in response to changes in consumer demand, and there aren't enough workers to fill all the positions.

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