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Fed's dilemma: To raise or not to raise interest rates now

Low growth in wages and productivity, despite the healthy rise in employment numbers, is the big concern

Even the rise in unemployment rate from 5.4% to 5.5% in May is regarded as an encouraging sign because it suggests more people are rejoining the workforce and are now again looking for jobs.


DESPITE the slight rise in the unemployment rate, the American labour market continued its upward trend in May, according to figures released by the US Labor Department on Friday, which reported that the economy added 280,000 jobs last month.

But the expectation in