May 5, 2017 / 2:52 PM / 5 months ago

U.S. economy seen growing at 3.0 percent in second quarter: J.P. Morgan

FILE PHOTO: Job seekers break out to visit corporate employment personnel at a U.S. Chamber of Commerce Foundation "Hiring Our Heroes" military job fair in Washington January 8, 2016 REUTERS/Gary Cameron

NEW YORK (Reuters) - A “nice bounce-back” in U.S. payrolls in April supports a forecast for the U.S. economy to expand at about a 3.0 percent pace in the second quarter and puts the Federal Reserve on track to raise interest rates in June, J.P. Morgan economist Michael Feroli said on Friday.

Earlier Friday, the U.S. Labor Department said nonfarm payrolls grew by 211,000 last month, up from a downwardly revised 79,000 increase in March.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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