US jobs surge casts doubt over interest rate cuts

The report from the US Labor Department also showed average hourly pay rose by more than expected to 4.1% over the last 12 months. Economists had expected a 3.9% increase.

Health care firms, bars, restaurants and the government led hiring, it said.

The unemployment rate, which is calculated using a different survey from the jobs figures, ticked up to 4%, from 3.9% in April.