U.S. may payrolls Rose less than expected Unlisted Video

U.S. job growth slowed sharply in May and wages rose less than expected.

The figures, suggesting the loss of momentum in economic activity was spreading to the labor market, which could increase calls for the Federal Reserve to cut interest rates this year.

U.S. May nonfarm payrolls rose 75,000 vs forecast for 185,000 and April’s downwardly revised 224,000.

U.S. May labor force participation rate 62.8 pct vs April’s unchanged 62.8 pct

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