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US Adds 340,000 Jobs in May... Unemployment Rate Rises to 3.7%

The U.S. Department of Labor announced on the 2nd (local time) that nonfarm payrolls increased by 349,000 in May.


This figure significantly exceeded the expert forecast of 190,000 compiled by The Wall Street Journal (WSJ). However, the unemployment rate rose to 3.7% from 3.4% in the previous month.


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