File - In this Wednesday, May 18, 2016 photo, a woman passes a "We're Hiring!" sign while entering a clothing store in the Downtown Crossing of Boston. On Friday, June 3, 2016, the U.S. government issues the May jobs report. (AP Photo/Charles Krupa)
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U.S. job growth surged in June as factories and retailers boosted hiring, confirming the economy has regained speed after a first-quarter lull, but tepid wage growth could see the Federal Reserve still cautious about hiking interest rates.The year-on-year gain in earnings rose to 2.6 percent after advancing 2.5 percent in May.The Atlanta Fed is currently forecasting the economy growing at a 2.4 percent pace in the second quarter.Manufacturing employment increased 14,000 last month after shedding 16,000 jobs in May. The retail sector added 29,900 jobs, and the leisure and hospitality sector gained 59,000 jobs.Job gains averaged 282,000 per month in the fourth quarter, but employment has increased by an average of only 171,500 jobs per month in the first half of this year.
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