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The US economy added 147,000 jobs in June, blasting through expectations, as the American labour market shrugged off uncertainty over Donald Trump’s trade and immigration policies.
Thursday’s figure from the Bureau of Labor Statistics was ahead of both the 144,000 posts added in May and the 110,000 predicted by economists polled by Bloomberg.
The unexpectedly strong figures will ease pressure on the US Federal Reserve to cut interest rates, despite Trump’s repeated calls for the central bank to do so.
Fed chair Jay Powell said this week a July cut was not “off the table”, in an apparent reversal on his previous position that borrowing costs should be kept on hold until the autumn.
This is a developing story
