US payrolls rise by 172,000 in May, topping expectations
Business
America’s labor market delivered another surprise in May as employers added far more jobs than expected, giving the Federal Reserve another reason to hold off on cutting interest rates. US employers added 172,000 jobs last month while the unemployment rate held steady at 4.3%, according to Labor Department data released Friday. The payroll gain easily topped economists’ expectations for roughly 80,000 new jobs and came after the government revised March and April hiring figures higher by a
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