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LATEST US DATA

Job growth slows in May; unemployment rate drops to 4.3%

Nonfarm payrolls increase 138,000 as manufacturing, government and retail sectors lose jobs

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US job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labour market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 per cent.

Washington

US job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labour market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 per cent.

Nonfarm payrolls increased 138,000

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