Quantcast

US employers add 175K jobs in May, rate up to 7.6% - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

US employers add 175K jobs in May, rate up to 7.6%

Posted: Updated:

WASHINGTON (AP) - U.S. employers added 175,000 jobs in May, steady hiring but below the more robust pace that took place during the fall and winter.

The Labor Department says the unemployment rate rose to 7.6 percent from 7.5 percent in April. The increase occurred because more people began looking for work, a good sign.

The government said the economy added 12,000 fewer jobs in April and March.

Employers have added an average of 155,000 jobs in past three months, below the average of 237,000 created from November through February.

The modest gains likely mean the Federal Reserve will continue its bond purchases. The Fed has said it will maintain its pace of bond purchases until the job market improves substantially. The purchases have helped drive down interest rates and boost stock prices.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Local NewsMore>>

  • Healthier Me: Busting Pregnancy Myths

    Healthier Me: Busting Pregnancy Myths

    Do you need to kick your caffeine habit, stop flying and cancel your appointment at the hair salon when you get pregnant? We talked with a Sanford Health obstetrician to figure out what is true and what is not. 
    Do you need to kick your caffeine habit, stop flying and cancel your appointment at the hair salon when you get pregnant? We talked with a Sanford Health obstetrician to figure out what is true and what is not. 
  • Oakes School Locked Down While Police Search for Suspect

    Oakes School Locked Down While Police Search for Suspect

    The school in Oakes, North Dakota, was in lock down for just under an hour Wednesday morning as police were searching for a suspect in the area.
    The school in Oakes, North Dakota, was in lock down for just under an hour Wednesday morning as police were searching for a suspect in the area.
  • Crookston Man Camp or Tourist Attraction?

    Crookston Man Camp or Tourist Attraction?

    Will it turn into a man camp or tourist attraction? There’s some controversy surrounding plans for an RV park and campground in Crookston.
    Will it turn into a man camp or tourist attraction? There’s some controversy surrounding plans for an RV park and campground in Crookston.
Powered by WorldNow
Powered by 

WorldNowAll content © Copyright 2000 - 2014 WorldNow and Valley News Live. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.