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Douglas Sacha/Getty Images(NEW YORK) A better-than-expected jobs report on Friday displayed the resilient strength of the U.S. economy, even after years of high interest rates and stubborn inflation.Employers hired
Jobs report blows past expectations, displaying resilient strength of US economy k101fm.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from k101fm.net Daily Mail and Mail on Sunday newspapers.
Job growth accelerated in May as employers hired 272,000 workers, the Labor Department reported Friday. The results handily beat expectations for growth of 185,000 jobs, reflecting a labor market that is still showing signs of surprising strength and durability in the aftermath of the pandemic. Job gains were broad-based and led by the service sector, with the education, health, government, and leisure and hospitality sectors accounting for about 60% of the growth. Wage growth was robust, as wel