US employers add 217K jobs, Rate Stays at 6.3 pct

By: Chistopher S. Rugaber, AP Economics Writer
By: Chistopher S. Rugaber, AP Economics Writer

WASHINGTON (AP) — U.S. employers hired at a healthy pace in May for a fourth straight month, fueling hopes the economy will accelerate after a grim start to the year.

The Labor Department says employers added 217,000 jobs last month. That's down from 282,000 in April, which was revised slightly lower.

But job gains have now averaged 234,000 in the past three months, up from only 150,000 in the previous three.

Despite the gains, the unemployment rate, which is calculated from a separate survey, remained 6.3 percent.

The job market has reached a significant milestone. Nearly five years after the Great Recession ended, the U.S. has finally regained all the jobs lost in the downturn.

Yet that's hardly cause for celebration: The population has grown nearly 7 percent since then.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


WHSV.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, no links, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
WHSV-TV3
50 North Main Street Harrisonburg, VA 22801 540-433-9191 - Switchboard 540-433- 4028 - Fax 540-433-2700 - News Fax

WSVF Public Inspection File

Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 262148341 - whsv.com/a?a=262148341