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U.S. economy seen growing at 3.0 percent in second quarter: J.P. Morgan
May 5, 2017 / 2:52 PM / 7 months ago

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

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.

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

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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