Job growth in the United States exceeded expectations in May, although a slowdown in wage increases may allow the Federal Reserve to refrain from raising interest rates this month for the first time since it began its tightening campaign over a year ago. The Labor Department's job report, released today (Friday), indicated that "non-farm jobs increased by about 339,000 positions last month, and the data for April was adjusted to show an increase of around 294,000 jobs, rather than 253,000 as previously reported."
Job Growth in America Exceeds Expectations
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