05-06-2015 22:48 via news.yahoo.com

Robust U.S. jobs report boosts chances of Sept Fed rate hike

By Lucia Mutikani WASHINGTON (Reuters) - U.S. job growth accelerated sharply in May and wages picked up, signs of strong momentum in the economy that bolster prospects for a Federal Reserve interest rate hike in September. While the unemployment rate rose to 5.5 percent from a near seven-year low of 5.4 percent in April, that was because more people, including new college graduates, entered the labor force, indicating confidence in the jobs market. This leaves the Fed on course to start hiking r
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