U.S. Economy Added 372,000 Jobs in June, Defying Slowdown Fears

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Going into the fall, slowdowns are expected first in businesses most sensitive to interest rates, like construction and manufacturing. Andrew Wernick runs Industrial Plywood, a lumber supplier in Reading, Pa., that raised wages substantially to compete for workers over the past year as demand for door frames and cabinets soared. Now, as rising mortgage rates drive down home sales, he is not sure ...

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