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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
