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We got another indicator of how the Biden economy is doing. And what we saw shows more signs of a struggling economy..
The economy added 206,000 jobs in June, just about 16,000 more than expected. The unemployment rate ticked up from 4.0% to 4.1%. The labor participation rate was 62.6%.
The bigger number was the revised one from May. The initial report had the economy adding 165,000 jobs. That number went down by 57,000 to just 108,ooo.
If you add everything up, Heritage Foundation economist Steve Moore says the economy simply isn't good.
"The economy is softening. There's no question about it," he told Fox Business. "It's not as strong as it was a few months ago. It is slowing down."
We'll get another feel for where the economy is next Thursday, when the June inflation numbers come out.