U.S. job growth surges, wages push higher in May

U.S. job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that could put a September interest rate hike from the Federal Reserve back on the table. Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday. 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, likely new college graduates, entered the labor force, indicating c