Arab Today, arab today us economy adds 280000 jobs in may
Last Updated : GMT 12:27:49
Arab Today, arab today
Arab Today, arab today

US economy adds 280,000 jobs in May

Arab Today, arab today

Arab Today, arab today US economy adds 280,000 jobs in May

Unemployment rate ticked up
Washington - AFP

The US economy pumped out 280,000 jobs in May, the Labor Department announced Friday, far more than expected in a solid sign of growth after a winter stall.

Businesses in health care, retail sales and tourism hired new workers generously during the month, and firm gains also came in construction and government.

Wages also rose a solid 2.3 percent from a year ago, in a long-awaited sign that the jobs market could be tightening.

Other numbers also suggested a stronger market: figures for short-term unemployed and labor market dropouts also fell significantly.

But the unemployment rate, which is based on a separate set of data from the job creation numbers, ticked up slightly to 5.5 percent.

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