US job growth remains robust despite rising prices
US employers added 339,000 jobs in May, exceeding expectations, despite rising prices and a sharp spike in borrowing costs weighing on the economy. However, the unemployment rate rose to 3.7%, from April's unusually low 3.4%. Analysts have expected hiring to slow as the US central bank raises interest rates to try to rein in rising prices. Inflation was 4.9% in the US in April.