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News Friday June 7th, 2013, 8:09am

U.S. Unemployment Rate Rises To 7.6 Percent In May

About 175,000 jobs were added to the U.S. economy in May, according to new numbers from the Labor Department.

May's unemployment rate ticked up to 7.6 percent from 7.5 percent in April. But analysts say the higher unemployment rate in May is credited to more people searching for work.

Employment rose in professional and business services, food services and drinking places, and retail trade, the Labor Department reported.

There were 12,000 fewer jobs added to the economy in April and March, according to figure adjustments by the U.S. Department of Labor. Employment gains in April were revised to 149,000 from 165,000. The number of jobs added in March was revised higher from 138,000 to 142,000.

Over the past three months, on average 155,000 jobs were added to the economy; although this is less than the 237,000 average created between November 2012 and February 2013.

The number of long-term unemployed individuals, or those jobless for 27 weeks or more, was unchanged in May at 4.4 million.

Sources

  • AP

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Categories

  • Economy

Tags

  • Economy
  • Job Creation
  • Jobs
  • U.S. Department of Labor
  • U.S. Economy
  • Unemployment
  • Unemployment Numbers

Level of gov't

  • Federal Government

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