Robust US jobs growth


Higher confidence: Workers take a break at a building site in Brooklyn. Strong US jobs report shows that the underlying trend in the economy is continuing to improve. — AFP

WASHINGTON: US job growth accelerated sharply in May and wages picked up, signs of strong momentum in the economy that bolster prospects for a Federal Reserve interest rate hike in September.

Non-farm payrolls increased 280,000 last month, the largest gain since December, the Labour Department said.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , US , jobs , economy

Next In Business News

TDM unit picks GPQ for Terengganu deal
CIMB Niaga 1Q profit before tax at 2.3 trillion rupiah
Pasdec names Mohammad Ikhwan as CEO
GD Properties: Local market prospects bright
Alpha IVF to open four new centres by end-2027
KPS acquires factory sites for RM45.5mil
IOIPG set for FBM KLCI inclusion
Genting opens New York casino, creates history
Jaycorp buys RE unit for RM15mil
Tasco profit forecast holds steady amid weak 4Q

Others Also Read