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LATEST US DATA

Job growth up, keeping rate hike on track

Jobless rate nears 7-year low of 5.4% but analysts don't foresee immediate Fed action
Saturday, May 9, 2015 - 05:50

Washington

US JOB growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 per cent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.

Non-farm payrolls increased 223,000 as