U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate.
Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April's job growth was 147,000 (revised from an originally reported 177,000).
The unemployment rate for May was 4.2% against expectations for 4.2% and April's 4.2%.
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Always a closely-followed print, the May payrolls data was of particular import this time around as a string of economic reports this week pointed to growing economic weakness. Among the