Wall Street News

Wall Street News

You can scroll the shelf using and keys

130607010827-chart-jobs-2-060713-274x318

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

Summary:

  • 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.
Advertisements

June 7, 2013

What do you think?

Please keep your comments polite and on-topic.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

comments

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

watchthebull

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.

watchthebull

June 10, 2013

%d bloggers like this: