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US labour market powers past expectations with 272,000 jobs added in May

US labour market powers past expectations with 272,000 jobs added in May

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The US labour market gained 272,000 jobs in May, far more than forecast, pushing back market expectations for the timing of Federal Reserve rate cuts.

The figures from the Bureau of Labor Statistics for non-farm payrolls last month compared with a prediction of a 180,000 rise in a Bloomberg poll of economists.

President…


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