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Job Market Split: Growth Amid Caution | Texas News
Job growth slowed to just 57,000 last month, half of the prior month’s pace, as businesses stay cautious amid shaky economic signals. While unemployment dipped to 4.2%, it’s largely due to fewer people actively seeking work. Despite the World Cup, sectors like restaurants, bars, and retail saw job cuts, while professional services like software development bucked the trend with growth. Healthcare remains a steady employer, adding nearly 47,000 jobs. The economy’s 2.1% growth may ease, and a widening gap emerges: employers crave experienced talent, but job seekers flock to entry-level roles —…
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