In May, the US saw an increase in average hourly earnings by 0.4%, surpassing predictions of 0.3% and exceeding the previous month's 0.2%. Nonfarm employment in the US for May rose to 272,000 jobs, surpassing estimates of 182,000 and exceeding the previous month's 175,000. The unemployment rate remained stable at 4.0%, in line with predictions of 3.9% and unchanged from the previous month's rate of 3.9%.

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