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

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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.
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Categories: Capital Markets

4 replies

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

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

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