The U.S. Labour Department reported that the economy cranked out 157,000 jobs in May, the most in two months.
Economists had been looking for 140,000 jobs. The unemployment rate held steady at 4.5 per cent.
Also, the Institute for Supply Management manufacturing index hit 55 in May, above the April reading of 54.7 and higher than the market’s expectation of 54. It was the fourth consecutive month of growth in the index which tracks factory activity.
Economists had been looking for 140,000 jobs. The unemployment rate held steady at 4.5 per cent.
Also, the Institute for Supply Management manufacturing index hit 55 in May, above the April reading of 54.7 and higher than the market’s expectation of 54. It was the fourth consecutive month of growth in the index which tracks factory activity.
