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Story summary
- The U.S. Labor Department reported that unemployment claims dropped 1,000 to 215,000 for the week ending June 27.
- The unemployment rate slipped to 4.2% from 4.3% in May as some jobless workers stopped looking.
- Employers added only 57,000 jobs in June, less than half the prior month’s total.
- The June jobs report, released a day early because of the July 4 holiday, noted layoffs at Verizon, UPS, Amazon, Disney, Starbucks and Walmart.
