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More jobs hasn’t meant economic growth

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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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