May Jobs Report | Reuters.com
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May Jobs Report

Live coverage as the jobs report for May 2015 is released.

  • Welcome to our live coverage of the jobs report numbers for May 2015. The numbers are in! We're joined here by Editor Heather Struck and Reuters Business Graduate Elizabeth Culliford.


    Sturdy U.S. jobs report boosts chances of Fed rate hike

    U.S. job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that bolster prospects for an interest rate hike in September.

    Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday.

    While the unemployment rate rose to 5.5 percent from a near seven-year low of 5.4 percent in April that was because more people, likely new college graduates, entered the labor force, indicating confidence in the jobs market.

    Payrolls for March and April were revised to show 32,000 more jobs created than previously reported. That together with an eight cent gain in average hourly earnings raises the chances of the Federal Reserve tightening monetary policy this year.

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Mugabe agrees to stand down as Zimbabwe president: source

HARARE Robert Mugabe agreed on Sunday to resign as Zimbabwe's president hours after the ruling ZANU-PF party fired him as its leader following 37 years in charge, a source familiar with the negotiations said.