ECONOMICS COMMENTARY
Jun 07, 2013
US: Mixed jobs report shows robust job creation doing little to combat high unemployment
US non-farm payrolls rose 175,000 in May, higher than expectations of 163,000. Ongoing economic growth is creating jobs at a reasonable rate, with an average of 172,000 over the past 12 months. The downside, of course, is that the better than expected number will stir up increased talk of when the Fed might start to taper its asset purchase programme.
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