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175,000 jobs added in May

In May, 175,000 jobs were created, and unemployment rose slightly to 7.6 percent in the same period.

By SoldAtTheTop,?Guest blogger / June 7, 2013

In May, 175,000 jobs were added while civilian unemployment rose slightly to 7.6 percent. Overall, the number of private sector jobs ? while showing an increase from April to May ??remained 1.62 percent below peak levels of employment seen in December 2007.

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Today?s Employment Situation Report indicated that in May, net non-farm payrolls increased by 175,000 jobs overall with the private non-farm payrolls sub-component adding 178,000 jobs while the civilian unemployment rate increased slightly to 7.6% over the same period.?

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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Net private sector jobs increased 0.16% since last month climbing 1.95% above the level seen a year ago but remained 1.62% below the peak level of employment seen in December 2007.

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/gp4zc4Vdt3M/175-000-jobs-added-in-May

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