Quantcast
logo

US economy added 280,000 jobs in May, beating analysts' expectations

  • The US economy has added 280,000 jobs last month, according to the labor department, beating analysts’ expectations.

    Though unemployment was up from 5.4% to 5.5% in May according to another survey, the reason for this was that more people were searching for jobs.

    Meanwhile, average earnings increased by 0.3% from the previous month, to touch $24.96 an hour.

    Job gains have been reported in sectors such as professional and business services, health care, and leisure and hospitality, the labor department said.

     

     

    Tagged as: US economy, US employment, US jobs, labor department, US labor, US earning, business news