Job gains beat forecasts even amid U.S. budget cuts: economy

MAY SAW HIRING at a faster pace than expected across the United States, including in the construction sector. Pictured is the soon-to-open Brookfield Place complex in Battery Park City in New York City, developed by Brookfield Office Properties Inc., the biggest U.S. office landlord, with about 64 million square feet of space either wholly or partly owned. / BLOOMBERG NEWS PHOTO/VICTOR J. BLUE
MAY SAW HIRING at a faster pace than expected across the United States, including in the construction sector. Pictured is the soon-to-open Brookfield Place complex in Battery Park City in New York City, developed by Brookfield Office Properties Inc., the biggest U.S. office landlord, with about 64 million square feet of space either wholly or partly owned. / BLOOMBERG NEWS PHOTO/VICTOR J. BLUE
WASHINGTON - American employers took on more workers than forecast in May as the world’s largest economy weathered the impact of higher taxes and federal spending cuts. Payrolls rose 175,000 after a revised 149,000 increase in April that was smaller than first estimated, U.S. Labor Department figures showed today in Washington. The median forecast in…

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