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U.S. jobs growth surpasses expectations
The U.S. labor market experienced an unexpected increase in non-farm payrolls in May, rising by 172,000 jobs, while the unemployment rate remained steady at 4.3%. The report came amid cautious expectations, with gains concentrated in a few limited sectors, and signs emerged of AI impacting the job market. The precautions imposed by the Federal Reserve remain in place, as economic growth continues and the policy of lowering interest rates slows down.
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