Shruti Mishra
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May jobs report expected to show growth in an economy squeezed by inflation
The jobs report for May, set to be released Friday morning, is expected to show that hiring has remained steady despite growing inflation and energy prices triggered by the ongoing war in Iran. Economists polled by Dow Jones believe that the U.S. economy will have added 80,000 positions in May and that the unemployment rate will be unchanged, at a low 4.3%. Average hourly earnings, which fell below the rate of inflation in April, are expected to rise 0.3%.