June 1, 2007
May unemployment rate steady
The nation's unemployment rate remained steady in May at 4.5 percent, as job gains in the health care and food services industries offset a loss in manufacturing employment, according to the U.S. Labor Department. Nonfarm employment added 157,000 jobs last month, while average hourly earnings rose 6 cents. Monthly job growth has averaged 133,000 this year.
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