US economy creates 78,000 jobs in May

WASHINGTON - The US economy created just 78,000 more jobs in May, the smallest rise since August 2003, the government said in the closely watched "non-farms payroll" report Friday.
Last month, the Labor Department report showed an unemployment rate of 5.1 percent.
It compared to an April rise in the non-farms payroll of 274,000, and was well down on Wall Street`s consensus forecast for an increase of 175,000 last month.

06/03/2005 12:37 GMT