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Prospects for Fed Rate Hike Grow As US Economy Adds Jobs in May


Prospects for Fed Rate Hike Grow As US Economy Adds Jobs in May
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A big pickup in job growth in May: the U.S. economy adding 280-thousand jobs last month. But the unemployment rate also ticked higher to 5.5 percent as more Americans polished up their resumes to look for work. While the better-than-expected job numbers bode well for the more than 8-million Americans still looking for work, it also paves the way for an interest rate hike by the Federal Reserve -- sooner rather than later. Mil Arcega reports.

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