U.S. creates 175,000 new jobs in May

US employment rose by slightly more than economists had predicted during May.

The latest US non-farm payrolls show that 175,000 jobs were created last month. But the unemployment rate increased slightly to 7.6%.

Shares had mostly fallen in the run up to the figures, as investors worried that a strong report could lead the Fed to slow its bond-buying programme.

Source: BBC News

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