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Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services. This news release ...
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U.S. job growth likely maintained its moderate pace in May and wage gains were expected to hold steady, which would keep the Federal Reserve in wait-and-see mode on interest rates but likely encourage bets the central bank will lower borrowing costs at least once this year. The Labor Department's closely watched employment report on Friday is also expected ...