US adds 157,000 jobs
Afp, Washington
US employers added 157,000 jobs in May, the Labor Department said Friday in a sign of acceleration in the world's biggest economy. The unemployment rate held steady at 4.5 percent, the agency said. The report on nonfarm payrolls, seen as one of the best indicators of economic momentum, was well ahead of the Wall Street consensus forecast of 135,000 new jobs. The agency made some minor downward revisions to estimates for prior months. The number of jobs added in April was revised to 80,000 instead of 88,000 and in March to 175,000 from 177,000. The service sector led gains in May with 176,000 new jobs, while the manufacturing sector saw a net loss of 19,000 positions.
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