US hiring soars in June, quieting fears of a slowdown

Hiring surged in the US which may generate doubts about an expected interest rate cut by the Federal Reserve

US job creation roared back to life in June, wiping away fears of a slowdown but calling into question a hoped-for interest rate cut from the Federal Reserve despite months of public pressure from President Donald Trump.

After an unexpectedly weak May, the vigorous June rebound delighted President Donald Trump, who is preparing to seek reelection next year.