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Sturdy jobs report boosts chances of Fed rate hike

Non-farm payrolls increase 280,000 in May

Published Fri, Jun 5, 2015 · 09:50 PM

    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 Friday.

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