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175,000 jobs added in May

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(Read caption) 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. 

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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