- 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.
U.S. stocks nuetral due to Positive rating from credit rating agency, BUT China missed growth estimates.. ›
Categories: Equity Capital Markets