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Has an influx of jobs boosted the U.S. economy?
The answer isn’t what you likely expected, according to a USA Today report.
May’s unemployment rate remained at 6.3 percent — the same as in April — but despite the U.S. adding more than 200,000 jobs, but sluggish wage growth could mean a long delay before the Federal Reserve raises interest rates.
Because of the stagnant wages, the report says that not only are Americans unlikely to get a large pay raise, but they’re also unlikely to go on any spending sprees.
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