World News: 21:41 GMT Thursday 3rd July 2014. [Yahoo Business News Feed via SPi World News]
By Lucia Mutikani WASHINGTON (Reuters) - U.S. employment growth jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was growing briskly heading into the second half of the year. Nonfarm payrolls increased by 288,000 jobs last month and the unemployment rate fell to 6.1 percent from 6.3 percent in May, the Labor Department said on Thursday. The labor market is improving at a seemingly stronger rate than before, the slack is being absorbed, we are chipping away," said Josh Feinman, chief global economist at Deutsche Asset & Wealth Management in New York. Prices for U.S. Treasuries fell and the U.S. dollar advanced against a basket of currencies, as traders bet on an earlier interest rate hike from the Federal Reserve.
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