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US Job Growth Surges, Tempering Recession Fears and Pressing Fed


Nonfarm payrolls jumped 528,000 last month, beating all estimates and the largest increase in five months, Labor Department data showed Friday. Employment in the prior month was revised up to a 398,000 gain. The unemployment rate fell to 3.5%, matching a five-decade low. Wage growth accelerated and the labor force participation rate eased.





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