US adds 217,000 new jobs in May
9 June 2014
The US economy created 217,000 jobs in May, while the unemployment rate remained unchanged at 6.3%, according to the latest data released by the US Bureau of Labor Statistics.
Mon, 9 Jun 2014
The US economy created 217,000 jobs in May, while the unemployment rate remained unchanged at 6.3%, according to the latest data released by the US Bureau of Labor Statistics.
The US has now recorded four straight months of jobs growth above 200,000 for the first time in 14 years. The largest gain of 55,000 came for professional and business services, while employment in food services and drinking establishments rose by 32,000.
The number of long-term unemployed (those jobless for 27 weeks or more) remained unchanged at 3.4m in May. These individuals accounted for 34.6% of the total unemployed.
The US economy created 217,000 jobs in May, while the unemployment rate remained unchanged at 6.3%, according to the latest data released by the US Bureau of Labor Statistics.
The US has now recorded four straight months of jobs growth above 200,000 for the first time in 14 years. The largest gain of 55,000 came for professional and business services, while employment in food services and drinking establishments rose by 32,000.
The number of long-term unemployed (those jobless for 27 weeks or more) remained unchanged at 3.4m in May. These individuals accounted for 34.6% of the total unemployed.
