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MAY JOBS REPORT OUT: U.S. added 175,000 Jobs


  • The U.S. economy added 175,000 jobs in May, according to the Department of Labor.
  • Last month U.S. economy added 149,000 jobs, a slight improvement from last month.
  • The unemployment rate ticked up to 7.6% from 7.5% in April. That minor rise came as 420,000 people joined the labor force.
  • Restaurants and bars added 38,000 jobs.
  • Strong sectors for job growth included retail, which added 28,000 jobs.
  • Education and health services, which added 26,000 jobs.
  • Construction added 7,000 jobs.
  • Meanwhile, the federal government cut 14,000 jobs and manufacturers cut 8,000 jobs.

June 7, 2013

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What happened during february that caused such a growtha in the economy and what can we do now to duplicate these results?

Bobbie 101

June 8, 2013

I don’t have an exact answer but some things I can tell you is around Feb, there was a housing rebound. Which because of the housing rebound it alone added 48,000 construction workers. With that both Retail and Manufacturing picked up. The main reason was that more people found work, but some 130,000 others stopped looking for work, so they were no longer counted.

Source: http://www.pbs.org/newshour/bb/business/jan-june13/jobs1_03-08.html


June 10, 2013

Why does this data constantly change and why is this change relevant to all of us?

Lily Poh

June 9, 2013

This data constantly changes because its hard to predict any trends in the market and the Sequester Bill affected us by cutting jobs.


June 10, 2013

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