Summary: Non-farm payrolls up 339,000 in May, greater than expected; previous two months’ figures revised up by 93,000; jobless rate up from 3.4% to 3.7%, participation rate steady; NAB: labour market remains in “rude health”; employed-to-population ratio slips; underutilisation rate up; annual hourly pay growth slows to 4.3%. The US economy ceased producing jobs in net terms as infection controls began to be implemented in March 2020. The unemployment rate...