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U.S. labor costs in the second quarter recorded their smallest increase in 33 years amid tepid gains in the private sector, but it likely was a temporary setback against the backdrop of diminishing labor market slack. The unexpectedly smaller rise reported by the Labor Department on Friday will probably not dampen speculation that the Federal Reserve is set to raise interest rates later this year. The U.S. labor market is fast approaching full employment.
By MacDonald Dzirutwe HARARE (Reuters) - The American dentist who killed Cecil the lion was a "foreign poacher" who paid for an illegal hunt and he should be extradited to Zimbabwe to face justice, environment minister Oppah Muchinguri said on Friday. In Harare's first official comments since Cecil's killing grabbed world headlines this week, Muchinguri said the Prosecutor General had already started the process to have 55-year-old Walter Palmer extradited from the United States. Muchinguri, a senior member of President Robert Mugabe's ruling ZANU-PF party, described Cecil - a black-maned lion well-known to foreign tourists in the Hwange National Park - as an "iconic attraction".
WASHINGTON (AP) — U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn't lifting paychecks much for most Americans. The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.