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US labour market cools and only adds 175,000 jobs in April


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The US economy underperformed expectations as it added only 175,000 nonfarm payroll jobs in the month of April as the Federal Reserve seeks to cool inflation, according to the Bureau of Labor Statistics.

The US economy underperformed expectations as it added only 175,000 nonfarm payroll jobs in the month of April as the Federal Reserve seeks to cool inflation, according to the Bureau of Labor Statistics.