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US jobs notch third straight month of solid growth

The US economy has posted a third straight month of strong job gains in May, confirming the labour market was gaining traction after stumbling ‌last year and giving the Federal Reserve more room to keep interest rates unchanged amid rising inflation due to the war in the Middle East.

The closely watched employment report from the US Labor Department on Friday painted an upbeat ‌picture of the jobs market.

The economy added 93,000 more jobs in March and April than previously estimated and the unemployment rate held at 4.3 per cent for a third consecutive month.

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