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Sturdy jobs report boosts chances of Fed rate hike

Non-farm payrolls increase 280,000 in May

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US job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that bolster prospects for an interest rate hike in September.

Washington

US job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that bolster prospects for an interest rate hike in September.

Non-farm payrolls increased 280,000 last month, the largest gain since December, the Labour Department said on