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LATEST US DATA

Job growth slows, but wages rebound strongly

Non-farm payrolls increase by 156,000 jobs in December

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Department store giants Macy's and Kohl's Corp this week reported a drop in holiday sales. Macy's said it planned to cut 10,000 jobs beginning this year.

Washington

EMPLOYMENT in the US increased less than expected in December but a rebound in wages pointed to sustained labour market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.

Non-farm payrolls

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