US Economy

Robust hiring figures released by the Labor Department signal economic strength but raise pressure on the Federal Reserve to continue raising interest rates.

The American economy accelerated sharply over the past three months, driven by strong consumer spending and employment growth, challenging recession fears.

ADP reported 152,000 private jobs added last month, significantly missing forecasts and signaling a sharp slowdown in the US labor market. Analysts detail sector impact and implications for Federal Reserve policy.