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The US economy added 139,000 jobs in May, beating expectations but still signalling that the labour market in the world’s biggest economy is weakening.
Friday’s figure from the Bureau of Labor Statistics was down from the downwardly revised 147,000 posts added in April but above the 126,000 predicted by economists polled by Bloomberg.
The unemployment rate was 4.2 per cent.
On Tuesday, after separate data pointed to lacklustre private sector hiring, US President Donald Trump lashed out at Federal Reserve chair Jay Powell, calling on him to lower interest rates.
The OECD warned this week that the global economy was heading into its weakest period of growth since the Covid-19 pandemic as Trump’s trade war weighs on the world’s top economies.
This is a developing story
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