Source: Paul Davidson / USA Today
Employers added a better-than-expected 175,000 jobs in May, providing further evidence of a resilient labor market despite huge federal spending cuts and global economic turmoil.
The unemployment rate rose to 7.6% from 7.5%, the Labor Department said Friday, as 420,000 Americans, including previously discouraged workers who had given up job-hunting, joined the labor force. The labor force includes people working and looking for work.
Businesses added 178,000 jobs, while federal, state and local governments cut 3,000. Professional and business services, leisure and hospitality and retail led job gains.
Economists had estimated that 165,000 jobs were added last month, according to a consensus forecast.
To read this article in its entirety visit the USA Today.