US economy adds 280,000 jobs in May...

The US economy added 280,000 jobs in May, the US Labor Department has said.
This increase was more than analysts had expected and the biggest this year. Economists described it as "encouraging".
The jobless rate, which is based on a different survey, crept up to 5.5% from 5.4%, but this was explained by more people looking for jobs.
Average earnings rose 0.3% compared with the previous month, to $24.96 an hour.
This is a measure closely watched by policymakers as they assess when to start raising interest rates.
Consistently higher wages, as well as the improving jobs market, will add to the argument for a rate increase, which most observers currently expect to happen in September, rather than at its next meeting in June.Read more on bbc.