175,000 jobs added in May
In May, 175,000 jobs were created, and unemployment rose slightly to 7.6 percent in the same period.
Today’s Employment Situation Report indicated that in May, net non-farm payrolls increased by 175,000 jobs overall with the private non-farm payrolls sub-component adding 178,000 jobs while the civilian unemployment rate increased slightly to 7.6% over the same period.
Net private sector jobs increased 0.16% since last month climbing 1.95% above the level seen a year ago but remained 1.62% below the peak level of employment seen in December 2007.
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