US Private Sector Adds More Jobs Than Expected in May
Employment across the private sector increased by 122,000 jobs during the month, slightly above forecasts that had projected a rise of 118,000 positions.
The latest figures also included a revision to April's data, with the previously reported increase of 109,000 jobs adjusted downward to 105,000.
Most of the job growth came from service-related industries, which added 114,000 positions during May. Meanwhile, manufacturing employment posted a more modest gain, with 8,000 new jobs created.
The stronger-than-anticipated performance suggests continued resilience in the labor market despite expectations of slower employment growth.
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