The United States Department of Labor reported job growth of 217,000 new jobs for the month of May, marking the fourth straight month of gains greater than 200,000. The labor market has not seen such persistent job growth since the late 1990s and adds intrigue to the Federal Reserve’s ongoing discussions on when to raise interest rates. Total employment is 138.5 million, the highest since January 2008, and the unemployment rate of 6.3% is the lowest since October of 2008. The market has essentially recovered all of the jobs it lost since the Gr...

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